Across
- 3. (Business)A gap in the market where customer needs are not being fully met.
- 6. The process of creating or improving products, services, or processes to add value
- 7. (two words) The process of refining a business idea into a clear and workable plan.
- 9. (two words) The process of collecting and analysing information about customers, competitors, and market conditions.
- 10. The inputs required to operate a business, including (labour) human, capital (assets), natural (raw) resources.
- 11. The reasons or driving forces behind why an individual starts a business (e.g. profit, independence, social impact).
- 12. (two words) The requirements of consumers that a business aims to satisfy.
- 14. Individuals or groups with an interest in or affected by the business (e.g. owners, employees, customers).
Down
- 1. The ability to generate new and original ideas that can lead to innovation.
- 2. An individual who starts, manages, and takes risks in a business venture.
- 4. (two words) The desires of consumers that a business aims to satisfy.
- 5. The way businesses are grouped based on characteristics such as size, legal structure, industry sector, or ownership, to better understand how they operate and are managed.
- 6. (Business) A concept or proposal that can be developed into a business to meet customer needs or wants.
- 8. (of an entrepreneur) Personal traits that support business success, such as innovation, resilience, initiative, and risk-taking.
- 13. A group of customers with similar needs and wants who are willing and able to purchase a product or service.