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Edexcel GCSE Business Topic 2.1 Growing the Business Quiz Flashcards | StudBud
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Edexcel GCSE Business Topic 2.1 Growing the Business Quiz
Edexcel GCSE Business Topic 2.1 Growing the Business Quiz
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1
Which of the following is an example of internal (organic) growth for a business?
Merger
Acquisition
Takeover
New product development
2
What is a characteristic of internal (organic) growth for businesses?
Buying out competitors
Development of new products or services
Merging with other firms
Rapid expansion through acquisitions
3
When businesses prioritise profit over ethical considerations, they may:
Enhance their brand reputation
Improve employee morale
Strengthen customer trust
Compromise on product safety standards
4
Which of the following is a common reason why business aims and objectives may change?
Employee satisfaction
Personal preferences of the employees
The weather
Technological advancements
5
What is an example of internal sources of finance for businesses?
Selling assets
Loan capital
Share capital
Stock market flotation
6
What is a barrier to international trade?
Free trade agreements
Multinational corporations
Trade blocs
Export subsidies
7
What is a potential impact of ethical considerations on business activity?
Conflict with legal regulations
Increased profitability
Decreased customer loyalty
Positive brand reputation
8
What type of business ownership is often associated with growing businesses?
Partnership
Private limited company (Ltd)
Public limited company (Plc)
Sole proprietorship
9
How do businesses compete internationally through the use of the internet?
By reducing their marketing efforts
By limiting their product range
By utilising online advertising and sales platforms
By relying solely on traditional marketing channels
10
What is an example of external (inorganic) growth for businesses?
Investing in research and development
Developing new products
Expanding into new markets
Merging with competitors
11
What is a source of internal finance for a growing business?
Retained profit
Loan capital
Stock market flotation
Share capital
12
Which of the following is an example of globalisation's impact on businesses?
Limited access to foreign markets
Isolation from international trade
Multinational corporations expanding their operations
Decreasing competition from overseas
13
How can businesses respond to environmental considerations?
By minimising waste and emissions
By increasing pollution levels
By prioritising sustainability over profit
By ignoring pressure group activity
14
How do businesses compete internationally?
By using the internet and e-commerce
By increasing their workforce
By focusing on domestic markets
By reducing their product range
15
What is an example of external (inorganic) growth for a business?
Market penetration
Merger
Product development
Diversification
