10EB - Crossword 1 - The concept of entrepreneurship
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Horizontales
A b_____ is any activity that involves one or more human beings creating and selling products (ie, goods and/or services) in order to satisfy the needs and wants of society, while also making a profit.
A business’ cost of s____ is equal to the direct costs of producing a good or providing a service (ie, costs that can be linked to a specific sale).
______ p_____ is the amount of money that remains after a business’ cost of sales is deducted from its revenue.
The cost of sales doesn’t include i_____ costs (ie, costs that can’t be linked to a specific sale), such as the cost of rent and utilities.
A business’ r________ is the amount of money the business has earnt from selling its goods and/or services.
C___ p____ structure is how much money needs to be spent to produce and sell goods and services, as compared to how much money is charged for customers to purchase the goods and services (ie, as compared to the sales price).
A m____ o__ e______ is a method of payment for goods and services.
A c_______ a________ is the attributes and/or conditions that place a business in a superior position than its competitors, its rival businesses that sell similar goods and/or services in the same market.
Many individuals and businesses are unwilling to take on high levels of r__ when implementing business ideas.
G_____ are items that are tangible (usually) and able to be sold in a market.
A business o__________ is a set of circumstances that has arisen and may enable a human being to achieve success in business.
E_________ is the process of starting, and assuming the risk of, a business venture in an attempt to make a profit.
Verticales
A b______ v______ is a new business activity that involves risk and is carried out in an attempt to make a profit.
A m____ is any situation in which potential buyers are in contact with potential sellers and there is a means of exchange.
A business’ e_______ are equal to the cost of sales plus other costs, such as the cost of rent, utilities and cleaning.
A business is experiencing the f____-m___ a______ if it is gaining a competitive advantage due to it being first to market with a particular good or service.
An e_______ is a person who starts, and assumes the risk of, a business venture in an attempt to make a profit.
A business is fulfilling a s____ n___ if its business activities are helping to make the world a better place by improving human wellbeing, the community and/or the environment.
C_______ are rival businesses that sell similar goods and/or services in the same market.
S_____ are intangible activities that are able to be sold in a market.
In the modern world, the most common means of exchange is m____.
W____ are things human beings desire, but do not require to survive.
___ p______ is the amount of money that remains after a business’ expenses are deducted from its revenue.
N______ are things that human beings require in order to survive.
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