Across
- 5. When one business merges with or takes over another one in the same industry at a different stage of production. Vertical integration can be forward or backward.
- 6. A written document that describes a business, its objectives, its strategies, the market it is in and its financial forecasts.
- 8. When the owners of two businesses agree to join their businesses together to make one business.
- 9. Growth that occurs when a business takes over or merges with another business. It is often called integration as one business is integrated into another one.
Down
- 1. A person who has an idea for a new business, starts it up and accepts the risks of the new business venture.
- 2. When one business merges with or takes over another one in the same industry at the same stage of production.
- 3. The total amount of capital invested in a business for the purpose of generating profits.
- 4. Growth that occurs when a business expands its existing operations
- 7. When one business buys out the owners of another business, which then becomes part of the ‘predator’ business (the business which has taken it over/become the new owner).