Across
- 1. These goods are those which are produced for the final consumer.
- 4. the owners of a business are not responsible for the debts of a business. Personal belongings will not need to be given up to pay the debts of the business. The owners however will lose the money they invested in the business if it fails.
- 10. products put on sale, usually in supermarkets, at prices which make no profits and may even make losses in order to attract customers into the shop to buy other goods.
- 15. The amount taken from the cost of selling every good used towards paying the fixed costs of producing that good.
- 18. Consumer goods which are not used at once and do not have to be bought frequently because they last for a long time.
- 20. Are services that provide mainly to businesses such as transport and warehousing but they may also be available to individuals such as insurance and banking.
- 23. means the buying or merger of other businesses producing the same or similar products.
- 25. the right given by one business to another to sell goods or services using its name.
- 26. Money held by the business or in its bank accounts.
- 27. a system of renting an asset to a business. The asset remains the property of the company renting out the good.
- 29. Occurs where the total amount of money taken in by a business is the same as the amount of money paid out. Neither a profit nor a loss is made where total revenue equals total cost.
- 30. the profit made before expenses have been paid. It is calculated by subtracting the cost of goods sold from the total revenue from selling those goods.
- 31. Growth which involves increasing the size of a business by buying other businesses.
Down
- 1. A pricing strategy which involves the producer offering goods for sale at a price at or below that set by competitors.
- 2. It is usually considered to involve the 4Ps of product, price, promotion and place.
- 3. involves the increased interdependency of people around the world as a result of increased trade and cultural exchange.
- 5. growth involves increasing the size of a business by increasing its sales, revenue, profits and work force.
- 6. Involves materials being transported or moved to the producer or the final product being moved to the consumer.
- 7. Wealthy individuals who invest their private capital into startup businesses in return for a share in the business.
- 8. The response by a customer following the purchase of a good or service.
- 9. A prediction of the cash inflows and outflows of a business.
- 11. rewards to workers not shown in their traditional pay. Such benefits may include company cars or discount on company products.
- 12. Involves the buying and selling of goods and service via the internet.
- 13. a business which allows a franchisee to sell using their processes, experience and name in return for royalties.
- 14. The long term objective of the business.
- 16. a geographical area where businesses may be found.
- 17. Costs which stay the same regardless of output
- 19. Involves a business doing what is morally right for its stakeholders.
- 21. Generally seen as social enterprise businesses owned by members such as the employees or, most commonly, their customers.
- 22. the number of people passing close to the business. These are potential customers of that business.
- 24. A person who sets up a business by taking on the financial risks in the hope of making a profit.
- 28. the way in which information and data is gathered about consumers, competitors and market trends.