Unit 1 Revision

2. A characteristic of an entrepreneur, similar to imaginative
4. The business word used for money
7. A potential risk and a potential reward for risk-taking
9. Within the business
11. A business owned by between 2 and 20 people
13. Groups or individuals who have an interest in the business
16. Outside of the business
17. When two or more businesses agree to join together
20. A person who takes the risk of starting and running a business enterprise

1. When a business merges with or takes over a business with which there is no connection
3. When a business takes a controlling interest in another business
5. A potential reward for risk-taking, that means being your own boss
6. The money paid to shareholders at the end of a financial year; their share of the profits
8. The most likely aim of businesses within their first two years, where they just manage to keep going
10. The type of liability where debts are restricted to the business
11. An acronym for a business owned by shareholders who have bought shares on the stock exchange
12. The owners of a PLC or LTD business
14. The things a business needs to make it work, including finance, staff and materials
15. The difference between revenue and costs
18. Where a business becomes larger
19. Where a business sells its goods and services