Summary
We have now looked at a number of measures of success of a business. See if you can test your knowledge of these different measures by having a go at the crossword below.
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| 9 | 5 | ||||||||||||
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| 12 | |||||||||||||
| 7 | 4 | ||||||||||||
| 11 | 5 | ||||||||||||
| 6 | 10 | 8 | |||||||||||
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| 9 |
Clues
Across
- A measurement of the output per worker per period of time - not to be confused with the overall level of output! (12)
- Trades on the stock exchange will influence this. (5,5)
- and 7 down: These rise and fall depending on the amount produced. (8,4)
- A measure of success that takes account of the overheads of a business. (3,6)
- A ratio to help assess the efficiency with which a firm uses its assets (4)
- and 5 down: The difference between the price charged and the cost of production. (6, 6)
- and 3 down: The sum of the fixed and variable. (5, 4)
- and 8 down: Multiplying price by the amount sold gives you this. (5, 7)
- and 5 down: These do not depend on the amount produced. (5,4)
- and 11 and 12 down: The name given to the price the business has to pay to acquire the goods from a supplier or to manufacture the actual goods themselves without considering any overheads. (4,2,5)
Down
- One of the more obvious measures of success - without this most firms would struggle. (6)
- The proportion of sales accounted for by any one firm in the market. (6,5)
- and 7 across: The sum of the fixed and variable. (5, 4)
- A measure of success that looks at the difference between the cost of sales and the revenue earned from selling those products. (5,6)
- and 8 down: The difference between the selling price and the cost of production. (6,6)
- Multiply this by the amount sold to get the revenue earned. (5)
- and 3 across: These rise and fall depending on the amount produced. (8,4)
- and 5 down: The difference between the selling price and the cost of production. (6,6)
- and 9 across: These do not depend on the amount produced. (5,4)
- and 8 across: Multiplying price by the amount sold gives you this. (5, 7)
- and 12 and 10 across: The name given to the price the business has to pay to acquire the goods from a supplier or to manufacture the actual goods themselves without considering any overheads. (4,2,5)
If you've had a good go and you're stuck, take a look at the solution. (http://www.bized.co.uk/educators/level2/busactivity/activity/success17solution.htm)