Business Management Unit 3 Review Crossword

Outline the strengths and weaknesses of something and make a judgement based on your reasoning
How well a business uses its resources to achieve business objectives
A strategy to to ensure the right amount of materials arrive at the right time, right before they are needed for production
Small group of employees who meet to solve problems related to quality
Bring together the points of similarity and difference
An agreement made between one or more employers and a group of employees
The percentage of total sales in a market that is controlled by a business
A business with a single owner who is entitled to keep all profits generated
A form of termination where an employee decides to leave the paid workforce
These refer to the need for recognition, attention and respect from others
A statement that outlines that future aspirations of the business
The passing of formal authority and responsibility down the hierarchy of a business
The willingness of a person to expend energy and effort in doing a job or task
A form of dispute resolution where an outcome is reached that is legally binding on both parties
Rival businesses that operate in the same market or industry and supply similar goods or services
The resources required to produce goods and services
Termination of an employee due to incompetence or gross misconduct
The activities that transform inputs into outputs
Anything that slows production or stops it from occurring at the lowest possible cost
In this management style the manager takes into account the opinion of employees before making a decision
In this style, the manager makes all the decisions and communication is one-way
The area of management responsible for managing the relationship between the employer and employees
The system of shared beliefs and values of the people within a business
A company listed on the ASX
A business that combines the expertise and resources of 2 - 20 people
Area of management that is concerned with controlling the activities concerned with spending and receiving money in the business
Identify the main features then closely examine the smaller parts, showing how they relate to the whole
Examine the issue and state an opinion covering both sides of the issue or material covered