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WorksheetsBusiness organisations
Total questions: 20
Worksheet time: 12mins
... are types of business that are owned and controlled by one person.
Franchises
Sole traders
Partnerships
In ... partnership, all of the partners actively run the business and are liable for company debts.
a limited
public
an unlimited
In a ... partnership, at least one of the partners in the business must have unlimited liability.
a limited
an unlimited
a private
Public limited companies are usually large, well-known businesses, set up by at least two ...
franchisees
shareholders
members
... are voluntary business organisations that are owned, controlled and operated by their members.
Partnerships
Cooperatives
Franchises
As a company grows, it can take advantage of ....
acquisition
joint venture
economies of scale
This means it can reduce the ... costs of production, for example by buying raw materials in ...
unit / bulk
merger / unit
merger / bulk
acquisition / unit
Companies can increase their size in two ways: ... growth when a company uses its own resources to expand; ... growth is when a company grows rapidly through integrating with other organisations.
internal / external
external / internal
horizontally / vertically
vertically / horizontally
This rapid growth can be through a ..., where two or more businesses join together to form one company, or an ... where one business buys another business.
merger / external
merger / acquisition
joint-venture / merger
internal / external
Companies that integrate can be in the same market or different ones. Businesses at the same stage of the production chain can integrate ... .
vertically
horizontally
internally
externally
When businesses operating at different stages of production join together, ... integration happens.
vertical
horizontal
internal
external
Sometimes businesses decide only to collaborate and invest in projects or businesses without merging. These are called a ...
partnership
cooperation
cooperative
joint venture
When a multinational controls more than 50% of the voting share in a smaller company, the smaller company is called a ..., and the larger company is the ...
subsidiary / mother company
subsidiary / parent company
branch / partner
brunch / partner
(a) is when a large company moves various operations to another country where there are more favorable economic conditions like lower labour costs.
The relocation of a company's support process like accounting and IT to another country is called ...
(a)
... is when a company returns production or operations to the country of origin.
(a)
The ... department deals with customer enquiries.
Sales
Production
Carrying out staff training is done by ...
Human Resources
Marketing
... is responsible for organizing conferences and trade events.
Finance
Marketing
The ... department is in charge for paying local and national taxes.
Sales
Finance
