Which NOT part of the group?

The amount of money that a company actually receives during a specific period.

It is also known as 'organic growth?'

It is where one company buys another company and so gains control of it.

It is where two companies join together by mutual agreement- either establishing a completely new business or keeping their separate identities

Large business can afford expensive machineries. What type economies of scale is this?

Large firms have access to more sources of finance than small firms, often at a lower rates of interest. What type of economies of scale is this?

It is an amount of money given especially by the government to a person or organization for a special purpose. This is given where the start-up helps the government achieve objectives like to reduce unemployment

It is an amount of money that is borrowed, often from a bank, and has to be paid back, usually together with an extra amount of money that you have to pay as a charge for borrowing.

Which is NOT a reason why business might fail?

The owners of the business are personally responsible for all the debts the business incurs.

Which is NOT part of the group?

It is a somebody who has the ability, enthusiasm, vision, skills to come up with a business idea and gather together the resources to enable production to take place.

It is an enterprise undertaken by two or more business organizations pooling resources.

Which is NOT part of the group?

A partnership may have minimum of 2 members and maximum of _____________ members.

This is an example of what type of business organization?

It is a person who owns shares in a company and therefore gets part of the company's profits and the right to vote on how the company is controlled