Unit 3 Vocabulary Presentation

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Across
  1. 3. A business that aims to strengthen its social and environmental ecosystems by creating opportunities for other businesses and communities to develop, and by restoring the natural environment. The business enjoys a network of mutual benefits and increased resiliency.
  2. 4. A business model that aims to work more like nature, by designing systems that feed back outputs as inputs, and by designing out waste from the start.
  3. 5. A production model that reduces waste by ensuring outputs of the production system feed back into the system as inputs.
  4. 9. The income that a business generates.
  5. 12. A way of thinking about how the world should be or how to value actions or situations.
  6. 13. The cost of producing a single unit of output.
  7. 15. Any organisation that has a social and/or environmental purpose at its core; it describes the primary purpose of a business, not its legal form.
  8. 17. Any individual or group that affects, or is affected by, an organisation.
  9. 18. A plan that an organisation creates in order to reach a specific goal.
  10. 20. The expansion of a business in terms of revenue, profit, number of employees, locations or another important metric.
  11. 21. The capturing of value from other stakeholders, either outside or inside the business.
  12. 22. A business model that enables businesses to reduce new material inputs, replacing them with recovered or bio-based materials.
  13. 24. The process of mimicking nature’s forms, processes and systems to solve human problems.
  14. 25. Spending by a business on non-current (fixed) assets; also known as capital expenditure.
  15. 26. All the benefits that a business creates for the stakeholders involved.
Down
  1. 1. A long term goal, a dream or understanding of what the future should look like.
  2. 2. Taking resources from the Earth, making products with them and then disposing of the products.
  3. 6. Businesses actively seeking ways to improve society and the environment through core business activities and business designs.
  4. 7. A short statement that defines what the organisation does, right now, in order to achieve its vision.
  5. 8. Meeting the needs of the present without compromising the ability of future generations to meet their own needs.
  6. 10. Someone who owns part of a business.
  7. 11. A situation where a non-profit social enterprise has greater revenue than costs; non-profits must reinvest the money into the enterprise.
  8. 14. A system in which members of an organisation are ranked according to authority.
  9. 16. A small action that a business takes to reach its goals.
  10. 19. All of the goods and services that a business offers.
  11. 23. A stated outcome that a business aims to achieve; can be broadly stated in vision and mission statements, or more narrowly stated with measurable outcomes.