Business Growth

Question 1 of 10

1

Economies of scale are a major source of competitive advantage for large firms.

Select one of the following:

True
False

Explanation

Question 2 of 10

1

What is a monopoly?

Select one of the following:

A government body
Two businesses joining together
When one retailer dominates a market

Explanation

Question 3 of 10

1

When does organic growth occur?

Select one of the following:

When a company hires more staff
When a company merges with a rival
When a company takes over a rival

Explanation

Question 4 of 10

1

Select from the dropdown list to complete the text.

A business will benefit from growth because ( it will gain more market power, it will have more overheads, it will have more competition )

Explanation

Question 5 of 10

1

Hiring more staff is an example of external growth.

Select one of the following:

True
False

Explanation

Question 6 of 10

1

Select from the dropdown list to complete the text.

The risk of expansion means that some owners are reluctant to chance funds. They opt instead to stay ( big, small ) and earn a relatively risk-free profit.

Explanation

Question 7 of 10

1

Select from the dropdown lists to complete the text.

Owners can face a dilemma in deciding whether to expand. Expansion is risky. There's always the chance that any expansion plans can fail and result in ( losses, profit ) rather than ( losses, profit ).

Explanation

Question 8 of 10

1

Market power is not guaranteed with business growth.

Select one of the following:

True
False

Explanation

Question 9 of 10

1

Select from the dropdown list to complete the text.

( Franchising, External growth, Internal (organic growth) ) - where a business merges with or takes over another organisation. Combining two firms increases the scale of operation.

	Created by Taisiya Lebedeva almost 5 years ago

GCSE Business Studies (REVISION) Quiz on Business Growth, created by Taisiya Lebedeva on 04/06/2019.

Business Growth

Question 1 of 10

Economies of scale are a major source of competitive advantage for large firms.

Select one of the following:

Explanation

Question 2 of 10

What is a monopoly?

Select one of the following:

Explanation

Question 3 of 10

When does organic growth occur?

Select one of the following:

Explanation

Question 4 of 10

Select from the dropdown list to complete the text.

A business will benefit from growth because it will gain more market power it will have more overheads it will have more competition( it will gain more market power, it will have more overheads, it will have more competition )

Explanation

Question 5 of 10

Hiring more staff is an example of external growth.

Select one of the following:

Explanation

Question 6 of 10

Select from the dropdown list to complete the text.

The risk of expansion means that some owners are reluctant to chance funds. They opt instead to stay big small( big, small ) and earn a relatively risk-free profit.

Explanation

Question 7 of 10

Select from the dropdown lists to complete the text.

Owners can face a dilemma in deciding whether to expand. Expansion is risky. There's always the chance that any expansion plans can fail and result in losses profit( losses, profit ) rather than losses profit( losses, profit ).

Explanation

Question 8 of 10

Market power is not guaranteed with business growth.

Select one of the following:

Explanation

Question 9 of 10

Select from the dropdown list to complete the text.

Franchising External growth Internal (organic growth)( Franchising, External growth, Internal (organic growth) ) - where a business merges with or takes over another organisation. Combining two firms increases the scale of operation.

Explanation

Question 10 of 10

How can a business grow in size?

Select one of the following:

Explanation

A business will benefit from growth because ( it will gain more market power, it will have more overheads, it will have more competition )

The risk of expansion means that some owners are reluctant to chance funds. They opt instead to stay ( big, small ) and earn a relatively risk-free profit.

Owners can face a dilemma in deciding whether to expand. Expansion is risky. There's always the chance that any expansion plans can fail and result in ( losses, profit ) rather than ( losses, profit ).

( Franchising, External growth, Internal (organic growth) ) - where a business merges with or takes over another organisation. Combining two firms increases the scale of operation.