Understanding the nature and purpose of business 5.0 / 5 based on 2 ratings ? Business StudiesBusiness PlansASAQA Created by: sarajwalkerCreated on: 05-10-15 20:27 3682147910 Across 1. a physical product (4) 2. measures the extent to which revenues from selling a product exceed the costs incurred in producing it over a time period (6) 4. the money moving into and out of a business over a time period (4, 4) 6. medium to long term goals established to coordinate the business (10) 9. fixed and variable costs added together (5, 5) 10. alter directly with the businesses level of output (8, 5) Down 2. a general term for both goods and service (7) 3. total costs of production divided by the level of production or output to give the cost of producing a single unit of output (7, 5) 7. an intangible item e.g. insurance (7) 8. long term plans of the business from which its corporate objectives are derived (4)
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