a compromise between one thing and another

Unlimited Liability is

if you do not pay back loans, you can lose your assets

countries who have trade agreements and not to use tariffs

Organic growth is when

A business grows from within (internal)

The formula for break even is

fixed costs / contribution per unit

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GCSE Business ~(9-1) - 2.1 Growing the Business

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Summary of unit 2.1

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Questions 14

Answers

1
if the national minimum wage goes up, the business has to change its objectives because of . .
Technology
Performance
Taxes
Legislation
2
a trade off is
a compromise between one thing and another
a compromise to increase profits
a compromise to be environment friendly
a compromise to being ethical
3
Unlimited Liability is
you have unlimited assets
if you do not pay back loans the bailiffs come
you're not liable for any assets
if you do not pay back loans, you can lose your assets
4
An advantage of merging is
More revenue and profits
culture clash
More staff
more costs
5
Tariffs are placed upon
on exports
Products from PLC's
products bought from inside the UK
on imports
6
A trade bloc is
countries who work in one union
countries who own many businesses
countries who trade only with each other
countries who have trade agreements and not to use tariffs
7
Organic growth is when
When a business recycles
A business grows from within (internal)
A business takes over another business (external)
When a business uses free trade products
8
When a product is bought from overseas, this is known as a
export
Import
9
The formula for break even is
fixed costs / contribution per unit
selling price - variable cost
Variable cost - price
Contribution / fixed costs
10
_____________ can impact the marketing mix by campaigns and protests
Trade bloc
EU
Pressure group
Trade union
11
When a PLC puts its shares on the stock market, this is known as
stock trades
Floating
Stock exchange
shareholding
12
A new product launch is an example of
Takeover
Inorganic growth
Marketing
Organic Growth
13
A _________________ will have limited liability
PLC
Partnership
Small business
Sole trader
14
This is an example of
Inorganic Growth
Marketing
Merging
Organic growth

GCSE Business ~(9-1) - 2.1 Growing the Business Flashcards | StudBud