Economy and Industry Sectors Quiz
Authored by Chantelle Scott
Business
12th Grade
Used 1+ times
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40 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which Sector of the Economy would a furniture factory be in?
Primary Sector
Secondary Sector
Tertiary Sector
Quaternary Sector
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which Sector of Industry is a bank in?
Primary Sector
Secondary Sector
Tertiary Sector
Quaternary Sector
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of internal growth for a business?
Acquisitions
Franchising
Diversification
Outsourcing
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an example of external growth for a business?
Increasing staffing
Opening new branches
Mergers
Advertising
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which method of growth involves a business expanding by using another company's brand and business model?
Outsourcing
Franchising
Horizontal integration
Organic growth
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a method of internal growth?
Increasing advertising
Opening new branches
Takeovers
Increasing staffing
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which method of growth involves a business contracting out a business process to another company?
Diversification
Outsourcing
Vertical integration
Conglomerate
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