Across
- 5. The sole right to the owner to use a particular sign or symbol that belongs to the organization, such as brand names and business logos.
- 9. This is the practice of bringing back business functions to the domestic country from overseas.
- 10. Refers to the situation where a person or a business is unable to meet their bill and other debt obligations. The debts (liabilities) of the individual or organization exceed their assets.
- 16. Form of promotion that refers to any form of paid-for promotional technique through independent consumer media.
- 20. Also known as maintenance factors, these are the factors that F. Herzberg argued cause dissatisfaction in the workplace (rather than motivation), so must be addressed.
- 22. This involves a business setting up operations in other countries, such as production facilities or distribution services.
- 23. This is a lean method of stock control whereby materials and components are scheduled to arrive precisely when they are needed in the production process.
- 24. Also known as the quick ratio,
- 26. The possessions owned by a business, which have a monetary value, e.g., buildings, land, machinery, equipment, inventories, and cash.
- 27. The process of negotiation of working conditions and pay between employer and employees, or their representatives (such as a trade union and a senior management team).
Down
- 1. (HL) This is the figure used to reduce the future value of money. It is used to establish the present value of cash that is yet to be received by the business.
- 2. A type of circular business model that focus on replacing virgin natural resources with renewable, recyclable, and/or biodegradable resource inputs.
- 3. This method of entering international markets involves a business selling its products to overseas customers without having to physically establish production or distribution facilities abroad.
- 4. A method of external growth that involves a company buying another company that is further away from the consumer in the chain of production.
- 6. (HL) The efficiency ratio that measures the average number of days an organization takes to repay its creditors (suppliers who the business has bought products from using trade credit, so have yet to pay for these).
- 7. Also known as perks, these are financial benefits of a job in excess of the basic pay.
- 8. The administrative systems within an organization, such as the formal policies and procedures of the business. It includes the formal rules, regulations, and procedures of the organization.
- 11. A way of reorganizing production, this involves relocating part of or all of an organization’s functions or processes overseas in order to take advantage of lower labour costs or other competitive advantages.
- 12. This form of external growth occurs when two or more businesses in unrelated industries integrate through a merger, acquisition, or takeover.
- 13. (HL) Refers to a discrepancy between the planned (budgeted) item of expenditure or revenue and the actual amount.
- 14. This means that there is a legal difference between the owners of a company (the shareholders) and the business entity itself. This ensures that the owners are protected by limited liability.
- 15. This is the highest level of needs in Maslow’s hierarchy of needs, which occurs when people become the very best that they can be and fulfil their potential.
- 17. This means that a product is fit for purpose, i.e., the good or service meets or exceeds the needs of its customers.
- 18. (HL) The protection of data against disclosure, damage or unauthorized access.
- 19. Measures the extent to which the demand for a good or service is responsive to changes in the price of that product.
- 21. A form of work practice that enables employees to work a set number of core hours each week, often at the office during peak periods of the day and/or week.
- 25. A management tool used to examine the product portfolio of a business by determining whether each product has high or low market share in a market that has high or low market growth.