Across
- 5. when a business generates just enough revenue to cover its total costs
- 7. association an organisation whose members are all involved in the same industry or trade. The organisation pursues the interests of these businesses.
- 9. acronym for the attributes of a good objective
- 10. an audit of the external environment in which a business finds itself, such as the market within which it operates or government restrictions (i.e. limits) on its operations.
- 11. the competition that exists between businesses operating in the same market.
- 14. statement a brief statement written by the business, describing its purpose and objectives
- 15. a process which involves making the vision for the future of a business easier to understand. It also involves identifying the goals that need to be achieved in order to realise that.
Down
- 1. developing new products in new markets
- 2. providing loans to individuals or businesses through online services that match lenders with borrowers.
- 3. A group of businesses that act together to reduce competition in a market-by fixing prices,for example monopoly a market dominated by single businesses - oligopoly a market dominated by a few large businesses.
- 4. analysis of the external political,economic,social,technological,legal and environmental factors affecting a business.
- 6. setting a low price to force rivals out of business.
- 8. analysis is an analysis of the internal strengths and weaknesses of the business and the opportunities and threats presented by its external.
- 12. the sale of company shares to the public for the first time. The shares are then traded on the stock market.
- 13. an analysis of the business itself and how it operates.