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WorksheetsBusiness Growth GCSE
Total questions: 11
Worksheet time: 5mins
Why might a business want to grow?
More Profit
Give employees more time off
To meet regulations
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 could we measure the size of a Business?
Charity fundraising
Quality of their adverts
Sales revenue
How much they spend on advertising
Spot the odd one out
Increasing market share
To be more ethical
Reducing competition
Increasing profits
Which of these isn't recognised as a motive for business growth
The Risk Motive
Managerial Motive
The All or Nothing Motive
The Cost Motive
Market share is the _________________ of the market that you control.
proportion
propulsion
quality
customers
weight
A definition of Economies of scale is :-
A reduced unit cost gained from an increase in production
Increasing your turn over through reducing your sales prices
Taking over suppliers
Diversifying by launching new products
Three things that might hold back a company's ability to grow are :-
Increasing demand for their products
Restricted funds
Being a Private Limited Company
Limited skills and experience
Proprietors are happy with their current lifestyle
Which of these is not a type of Economy of Scale?
Managerial
Technical
Marketing
Purchasing
Public relations
What is reduced by Economies of Scale
Total production Costs
Total sales Revenue
Unit costs
Salary paid to employees
In which of the following circumstances might a business be experiencing economies of scale?
Falling revenue, increasing unit costs
Increasing revenue, increasing unit costs
Increasing revenue, falling unit costs
Falling revenue, falling unit costs
