GCSE Business - Theme 2 - 2.1 Growth

Occurs when a firm acquires former suppliers or customers

• Horizontal Merger
• Vertical Merger
• Product Extension Merger
• Market Extension Merger

The acquisition of a former competitor

• Vertical Merger
• Horizontal Merger
• Market Extension Merger
• Conglomerate Merger

Owners share the risks and the profits.

• Proprietorship
• Partnership
• Corporation
• None of the above

Which of the following is an advantage of a partnership?

• Unlimited Liability
• Arguments
• Shared responsibility
• Less investors

This form of ownership is owned/operated by a single person

• Sole Proprietor
• Partnership
• Corporation
• Franchise

Which of the following is an advantage of a partnership?

• Partners share unlimited financial liability
• A board of directors controls the business.
• Partners do not have to pay any income taxes.
• Partners bring different skills to the business.

What is the biggest risk of starting a new business?

• Losing Money
• Making Money
• Being Successful
• Failing

Who do PLC's sell their shares to?

• General Public
• Family and Friends
• Employees
• Schools

Who do LTD's sell their shares to?

• Employees
• General Public
• Family and Friends
• Schools

How many people can be in a partnership?

• 2
• 2-10
• 2-20
• Unlimited