19 Advantages and Disadvantages of large and small firms

19 Advantages and Disadvantages of large and small firms

9th - 11th Grade

12 Qs

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19 Advantages and Disadvantages of large and small firms

19 Advantages and Disadvantages of large and small firms

Assessment

Quiz

Other, Business

9th - 11th Grade

Medium

Created by

Tendai Karalius

Used 74+ times

FREE Resource

12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not a suitable method for measuring the size of a firms?

The number of employees

the size of the profit

the amount of capital employed

the size of turnover

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not an advantage of a small firm?

Better communication

flexibility

economies of scale

a personal service can be offered

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a disadvantage of small firms?

economies of scale

lack of finance

too bureaucratic

poor worker motivation

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

which of the following is not an advantage of a large firm?

market domination

economies of scale

better communication

can undertake large scale contracts

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a disadvantage of large firms?

lack of finance

higher average costs

difficult attracting staff

too bureaucratic

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

which of the following is an advantage of a small firms?

can benefit from economies of scale

ability to offer a personal service

can access a greater range of finance options

can attract the most qualified and experience staff

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not a disadvantage of a small firm?

struggle to raise finance

difficult to attract highly qualified and experienced staff

can adapt more quickly to change

cannot exploit economies of scale

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