Growing the Business

What is internal growth also known as?

• Organic growth

• Inorganic growth

• Merger

• Takeover

What is external growth also known as?

• Internal growth

• Expansion

• Inorganic growth

• Organic growth

Which of the following is a method of internal growth?

• Merger

• Acquisition

• Takeover

• Launching new products

What is a merger?

• Two businesses combining into one

• One business buying another

• A business expanding its product range

• A business opening new stores

What is a takeover?

• Two businesses combining into one

• One business buying another

• A business expanding internationally

• A business launching a new product

What is an aim in business terms?

• A short-term target

• A long-term goal

• A marketing plan

• A financial strategy

What is an objective in business terms?

• A financial strategy

• A marketing plan

• A short-term target

• A long-term goal

What is an import?

• Selling goods abroad

• Buying goods from abroad

• Expanding a product range

• Combining two businesses

What is an export?

• Combining two businesses

• Buying goods from abroad

• Expanding a product range

• Selling goods abroad

What is a multinational company?

• A company that operates in one country

• A company that operates in multiple countries

• A company that only sells online

• A company that only sells locally