UNIT 1 - TERMINOLOGY TEST - Crossword Labs

3. the service sector including retailing, banking, leisure etc
6. an organisation where an entrepreneur obtains a licence to trade under a well known brand
8. a manager who does consult employees in decision making
12. when a business sells of an unwanted section of the business.
13. a structure where employees are organised by department specialism
15. an organisation owned by 2-20 individuals
16. vertical integration where a business takes over a customer
17. the sector of industry concerned with manufacturing raw materials into finished goods
18. integration where businesses are involved in a diverse range of markets/industries
20. Corporate _________ influences the beliefs and values of employees in an organisation
21. the sector of the economy including charities, clubs and social enterprises
23. a manager who does not consult employees in decision making
24. a structure which has many levels of management
25. _____ faire manager who delegates full control of decision making to subordinates
27. when a large business splits into 2 or more separate businesses.
28. the sector of the economy run by the government

1. a long term decision made to set out the aims/direction of a business
2. the sector of the economy run by private individuals/businesses
4. a structure where employees are grouped in teams on a project basis
5. integration where businesses in the same industry merge together
7. the sector of industry where raw materials are extracted from their natural source
9. a centralised structure with one key decision maker
10. a short term decision which ensures the smooth running of the organisation
11. vertical integration where a business takes over a supplier
14. a decision making model
19. the sector of industry involving knowledge based organisations
21. a medium term decision which sets out the targets/objectives to achieve the strategic aims
22. abbreviation for a public limited company
26. abbreviation for a private limited company