business studys key words 0.0 / 5 ? Business Studies-IGCSEEdexcel Created by: shrishri123Created on: 21-11-15 09:41 725639148 Across 1. The right to command and make decisions (9) 2. The level of output where total costs and total revenue are exactly the same. Neither a profit nor a loss is made (5, 4) 4. Resources used or owned by the business in production (6) 5. similar to the current ratio but excludes stock from current assets. sometimes called quick ratio. (4, 4, 5) 8. an accounting procedure which checks thoroughly the accuracy of a company’s accounts (8) Down 2. A method which involves completing one operation at a time on all units before performing the next (5, 10) 3. Areas that are designated as having economic problems by the UK or EU and are eligible for support in a variety of forms. (8, 5) 6. A 2 x 2 matrix which describes products according to the market share they enjoy and whether the market has any potential for growth (6, 6) 7. Obstacles that make it difficult for new firms to enter a market (8, 2, 5) 9. the name of a product which consumers see as being different from those of rivals (5, 5)
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