Across
- 2. is an individual or organisation that grants a franchise.
- 3. A democratic organisation owned and controlled by the people it serves, who join together for a common benefit.
- 4. compares the strengths and weaknesses of a business against those of other successful businesses, with the aim of reforming those processes that are not achieving the business’s objectives.
- 5. A set of ethical standards by which managers and employees should abide.
- 9. Includes those factors over which the business has some degree of control.
- 12. Actions undertaken to achieve the business’s marketing objectives.
- 14. A business makes a …. when the income earned (revenue) is greater than the costs of production (expenses).
- 15. Refers to ‘how well’ a business uses resources to achieve objectives.
Down
- 1. An incorporated business with a minimum of two, and a maximum of 50 private shareholders.
- 3. Businesses that offer rival products or services.
- 6. Indicators are found in the accounting records and are expressed in dollar terms.
- 7. an unincorporated legal business structure with a minimum of two and a maximum of 20 owners.
- 8. Managing an organisation in such a way that the broader social welfare of the community is taken into consideration when making business decisions.
- 10. The process of assessing whether the business has achieved stated objectives.
- 11. Liabilities the business owner is personally responsible for all the debts of his or her business.
- 12. The Environment that is made up of the broad conditions and trends in the economy and society within which a business operates.
- 13. A business structure where a trustee (usually a company) holds property or carries out business on behalf of the members of the trust, known as beneficiaries.