Business key term theme 2

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  • Created by: JudyF
  • Created on: 22-01-18 09:36
X N G A N O O R E X A O G C P P Y P Y Q S
U Q T S I I F E V U C J P A D D T E T E V
N O I F G J K Z S C Q E E P J B I E N Y I
L K C N R Y N E E V R R C A K Y L R I S J
I P A Y A E Y R I M L C O C B V I T A O T
M C P W M S U O R P I G N I G A B O T D Y
I O I M T B B B O Q L O O T A O A P R W F
T U T V I N J A T V P F M Y D R I E E C M
E C A M F J Q S N X H A I U C J L E C H U
D B L L O A M E E T M B C T O K D R N T N
L L I B R J K D V S J C V I I L E F U G E
I U N D P M I B N W C Q A L I A T U C W G
A F T S S T E U I X V O R I G S I N I A V
B J E H S N P D K L Y J I S F J M D M G U
I T N V O T E G C O U V A A R J I I O D J
L S S I R N F E O T E W B T Q A L N N B P
I E I I G Y I T T Q E I L I A O D G O C F
T T V V U Q W I S L E J E O A U L H C J T
Y X E Y H K A N W E U P S N E B W E E V X
B B Q K D A B G H N Y J E L B Y U G P Y C
W Y H F P W Q L N V G K A M Y F J X A D D

Clues

  • A system of budgeting where no money is allocated for costs unless they have been justified by the fund holder. (4, 5, 9)
  • Gross profit expressed as a percentage of revenue. (Gross profit/Revenue)x100 (5, 6, 6)
  • Makes more use of machinery than staff in production. Often has high start-up costs. (7, 9)
  • Measures within the economy which have effects on business and consumers, such as unemployment, interest rates and inflation (8, 9)
  • The economic environment is difficult to predict and prone to shocks or unpredictable events creating uncertainty. Examples included recession or an high inflation. (8, 11)
  • The raw materials, work in progress and finished goods a business has to sell. It is a current asset (5, 11)
  • The use a business makes of its resources. A high capacity utilisation will reduce average unit cost. (8, 11)
  • Where a business and its owners are one and the same, meaning the owners are responsible for all business debts. Applies to sole traders and partnerships. (9, 9)
  • Where a business and its owners have separate legal identities, meaning shareholders can only lose the original amount they invested into a business. Applies to private and public limited companies. (7, 9)
  • Where individuals lend to other individuals without prior knowledge of them, normally on the internet via sites such as funding circle. This is a form of external finance. (4, 2, 4, 7)

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H'Mary Rey

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