The nature and purpose of business 5.0 / 5 based on 1 rating ? Business StudiesWhat is a business?ASAQA Created by: alishamarieCreated on: 08-10-15 13:31 5107942631 Across 1. Costs that vary directly with output in the short run (e.g. raw materials) (8, 5) 4. The medium- to long- term plans through which an organisation intends to achieve its objectives (8) 6. The amount paid by a consumer to purchase one unit of a product (5) 7. An organisation's aims or long-term intentions, it's ultimate purpose. Sometimes the same as its corporate aims (7) 9. Goals that must be achieved in order to realise the stated aims of an organisation, department or individual team. Business objectives tend to be medium or long-term. They can be corporate or functional objectives (8, 10) Down 2. The sum of fixed costs and variable costs (5, 5) 3. The amounts of money flowing into and out of a business over a period of time (4, 4) 5. A qualitative statement of an organisation's aims that uses language to motivate employees and convince those outside the firm of its sincerity and commitment (7, 9) 6. The difference between the income of a business and its total costs (6) 10. Costs that do not vary directly with output in the short run (e.g. rent.) (5, 5)
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