
Business Growth Concepts
Flashcard
•
Business
•
10th Grade
•
Practice Problem
•
Hard
Louise Barratt
FREE Resource
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15 questions
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1.
FLASHCARD QUESTION
Front
Business growth can occur internally by expanding activities such as opening more outlets and selling more.
Back
Internal business growth involves expanding activities like opening more outlets and selling more products.
2.
FLASHCARD QUESTION
Front
External growth is quicker but more expensive and riskier.
Back
External growth is faster but comes with higher costs and risks.
3.
FLASHCARD QUESTION
Front
Mergers and takeovers can occur between competitors, suppliers, or unrelated businesses.
Back
Mergers and takeovers may involve competitors, suppliers, or unrelated businesses.
4.
FLASHCARD QUESTION
Front
A business may finance growth by becoming a PLC and selling shares on the stock exchange.
Back
Becoming a PLC and selling shares is a way to finance business growth.
5.
FLASHCARD QUESTION
Front
Franchising allows entrepreneurs to use a business's name to open outlets.
Back
Franchising involves letting entrepreneurs use a business's name to open outlets.
6.
FLASHCARD QUESTION
Front
Larger firms benefit from economies of scale, reducing unit costs.
Back
Economies of scale help larger firms reduce their unit costs.
7.
FLASHCARD QUESTION
Front
Changing market conditions can lead to changes in business aims.
Back
Business aims may change due to shifts in market conditions.
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