18360412
Descrição
Quiz por Taisiya Lebedeva, atualizado more than 1 year ago
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Criado por Taisiya Lebedeva
mais de 5 anos atrás
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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
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Two businesses joining together
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When one retailer dominates a market
Questão 3
Questão
When does organic growth occur?
Responda
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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
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
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Internal (organic growth)
Questão 10
Questão
How can a business grow in size?
Responda
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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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