Business Growth

Descrição

GCSE Business Studies (REVISION) Quiz sobre Business Growth, criado por Taisiya Lebedeva em 04-06-2019.
Taisiya Lebedeva
Quiz por Taisiya Lebedeva, atualizado more than 1 year ago
Taisiya Lebedeva
Criado por Taisiya Lebedeva quase 5 anos atrás
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Resumo de Recurso

Questão 1

Questão
Economies of scale are a major source of competitive advantage for large firms.
Responda
  • True
  • False

Questão 2

Questão
What is a monopoly?
Responda
  • A government body
  • Two businesses joining together
  • When one retailer dominates a market

Questão 3

Questão
When does organic growth occur?
Responda
  • When a company hires more staff
  • When a company merges with a rival
  • When a company takes over a rival

Questão 4

Questão
A business will benefit from growth because [blank_start]it will gain more market power.[blank_end]
Responda
  • it will gain more market power
  • it will have more overheads
  • it will have more competition

Questão 5

Questão
Hiring more staff is an example of external growth.
Responda
  • True
  • False

Questão 6

Questão
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.
Responda
  • big
  • small

Questão 7

Questão
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].
Responda
  • losses
  • profit
  • losses
  • profit

Questão 8

Questão
Market power is not guaranteed with business growth.
Responda
  • True
  • False

Questão 9

Questão
[blank_start]External growth[blank_end] - where a business merges with or takes over another organisation. Combining two firms increases the scale of operation.
Responda
  • Franchising
  • External growth
  • Internal (organic growth)

Questão 10

Questão
How can a business grow in size?
Responda
  • By delayering
  • By giving staff bonuses
  • By offering franchises

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