Business studies IGCSE unit 3

A (a)   is a document containing the business objectives and important details of the new business.

The reason for governments to support business start ups is ______________.

• can grow further

• benefit society

• all the above

Capital employed is the total value of output used in the business.

• True

• False

A company employing many workers may use (a)   intensive methods of production

Investors find it useful to compare the size of businesses.

• True

• False

The perfect way of comparing the size of business is ________.

• value of sales

• Value of output

• value of capital employed

• None

(a)   occurs when a business expands its existing operations.

When one business merges with another one in the same industry but at a different stage of production is ___________ Integration.

• Vertical

• horizontal

• conglomerate

The other name for conglomerate integration is acquisition.

• True

• False

A construction company buys a holiday company is an example of _____________________ integration.

• backward vertical

• conglomerate

• horizontal

• forward vertical