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WorksheetsS3 Business Ed - Growth
Total questions: 20
Worksheet time: 8mins
Which of the following is the UK fastest growing supermarket right now?
Asda
Tesco
Aldi
Lidl
Why might a business want to grow?
More Profit
Give employees more time off
To improve the business image
To sell less products
Why might a business want to grow?
To gain more competition
To gain more customers
To reduce the amount of stores
How can we measure the size of a business?
The amount of employees they have
The amount of Facebook reviews they have
How many Twitter followers they have
Size of their carpark
How could we measure the size of a Business?
Charity fundraising
Quality of their adverts
Sales revenue
How much they spend on advertising
Which method of growth carries more risk?
Internal/Organic
External/Inorganic
Franchising is a method of ____________ growth
Internal
External
Internal/Organic growth is easier to manage and control than External/Inorganic.
True
False
Which of the following is NOT Internal/organic growth?
Opening a new location
Expanding through internet selling
Merging with a similar company
Offering franchises
A merger is...
A method of Internal growth
A friendly deal where two businesses join together
A forced and sometimes hostile deal where one firm buys a share of the other business
A take-over is...
A method of Internal growth
A friendly deal where two businesses join together
A forced and sometimes hostile deal where one firm buys a share of the other business
HORIZONTAL integration occurs when...
firms in the same industry and at the same stage of the production process combine to form a larger business.
when a firm expands by combining with an existing business in the same industry but at a different stage of the production process.
Involves take over or merger with another firm in an unrelated industry.
Vertical integration occurs when...
firms in the same industry and at the same stage of the production process combine to form a larger business.
when a firm expands by combining with an existing business in the same industry but at a different stage of the production process.
Involves take over or merger with another firm in an unrelated industry.
Lateral integration or Diversification occurs when...
firms in the same industry and at the same stage of the production process combine to form a larger business.
when a firm expands by combining with an existing business in the same industry but at a different stage of the production process.
take over or merger with another firm in an unrelated industry.
BMW Purchasing the MINI is an example of....
Vertical integration
Horizontal Integration
Diversification
Apple buying a company that creates microchips for phones and computers is an example of...
Vertical integration
Horizontal Integration
Diversification
Mcdonalds buying a cattle farm would be an example of...
Vertical integration
Horizontal integration
Diversification
If Samsung purchased a fruit farm this would be an example of....
Vertical integration
Horizontal integration
Diversification
Disney and Pixar joining together is an example of...
Vertical integration
Horizontal integration
Diversification
Asda and Sainbury's joining together is an example of...
Vertical integration
Horizontal integration
Diversification
