GCSE Business - Theme 2 - 2.1 Growth
Authored by Mr Suggitt
Business
10th - 11th Grade
Used 60+ times
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16 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Occurs when a firm acquires former suppliers or customers
Horizontal Merger
Vertical Merger
Product Extension Merger
Market Extension Merger
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The acquisition of a former competitor
Vertical Merger
Horizontal Merger
Market Extension Merger
Conglomerate Merger
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Owners share the risks and the profits.
Proprietorship
Partnership
Corporation
None of the above
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an advantage of a partnership?
Unlimited Liability
Arguments
Shared responsibility
Less investors
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
This form of ownership is owned/operated by a single person
Sole Proprietor
Partnership
Corporation
Franchise
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the biggest risk of starting a new business?
Losing Money
Making Money
Being Successful
Failing
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