Unit 9

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F P F C I N T R A P R E N E U R S H I P X
L R X G Q M O I N Y M I C H G N U U F T W
G M U L T I N A T I O N A L C Q N U K I R
A K M V D I R E C T I N V E S T M E N T J
J C R G K X X F K P A A N L P B U A W H P
V E R T I C A L I N T E R G R A T I O N B
A I E L O R A T J G D H J Q Q X U K D N R
K F M H I B N O A O Y E X E F R R V U M J
Y H X V I X O E O E B N S K J E S Y Q A S
J P B O H W H G M U I X J P E Q F C M I K
J R P R O D U C T I N N O V A T I O N U B
I N T E R N A T I O N A L I S A T I O N N
K B T P R O C E S S I N N O V A T I O N E
M J K B N T Q I U S O A M V U X I G Y F K
Q Q L T A T K C K T G S R E D C K O O G Q
Y L F I U M A A S T L H S X C F J B K E M
L K G L O B A L S T R A T E G Y K C Y K K
T R A N S I T I O N A L S T R A T E G Y Q
S N V X G E X T E R N A L G R O W T H D Q
C T I U F M E R D J U G X C R R Y V P P I
J Q N I F L O H B B U O O V M L P S N O D

Clues

  • A business that operates in several countries but is managed from one (13)
  • Acting like an entrepreneur within a large organisation (16)
  • Expansion through through integration with another firm as a result of either a merger or a takeover (8, 6)
  • Focuses on increasing profitability by benefiting from cost reductions that come from economies of scale, experience curves and location economies (6, 8)
  • The coming together of firms in the same industry but at different stages of the production process; can be backwards or forwards (8, 12)
  • The creation and launch of a good or service that is new or a significant change to an earlier good or service (7, 10)
  • The creation of a new way of making, providing or delivering a particular good or service (7, 10)
  • The growing tendency of companies to operate across national boundaries (20)
  • The taking of a controlling ownership in a company in one country by a company based in another country (6, 10)
  • Tries simultaneously to achieve lower costs through location economies, economies of scale and experience curve effects to differentiate products across international amrkets. (12, 8)

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