18360412
Descripción
Test por Taisiya Lebedeva, actualizado hace más de 1 año
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Creado por Taisiya Lebedeva
hace casi 5 años
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Pregunta 1
Pregunta
Economies of scale are a major source of competitive advantage for large firms.
Respuesta
- True
- False
Pregunta 2
Pregunta
What is a monopoly?
Respuesta
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A government body
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Two businesses joining together
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When one retailer dominates a market
Pregunta 3
Pregunta
When does organic growth occur?
Respuesta
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When a company hires more staff
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When a company merges with a rival
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When a company takes over a rival
Pregunta 4
Pregunta
A business will benefit from growth because [blank_start]it will gain more market power.[blank_end]
Respuesta
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it will gain more market power
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it will have more overheads
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it will have more competition
Pregunta 5
Pregunta
Hiring more staff is an example of external growth.
Respuesta
- True
- False
Pregunta 6
Pregunta
The risk of expansion means that some owners are reluctant to chance funds. They opt instead to stay [blank_start]small[blank_end] and earn a relatively risk-free profit.
Respuesta
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big
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small
Pregunta 7
Pregunta
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 [blank_start]losses[blank_end] rather than [blank_start]profit[blank_end].
Respuesta
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losses
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profit
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losses
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profit
Pregunta 8
Pregunta
Market power is not guaranteed with business growth.
Respuesta
- True
- False
Pregunta 9
Pregunta
[blank_start]External growth[blank_end] - where a business merges with or takes over another organisation. Combining two firms increases the scale of operation.
Respuesta
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Franchising
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External growth
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Internal (organic growth)
Pregunta 10
Pregunta
How can a business grow in size?
Respuesta
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By delayering
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By giving staff bonuses
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By offering franchises
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