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2.1 Edexcel GCSE Business Studies Revision Flashcards | StudBud
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2.1 Edexcel GCSE Business Studies Revision
What is meant by competitiveness?
On the Stock Market...
2.1 Edexcel GCSE Business Studies Revision
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2.1 Edexcel GCSE Business Studies Revision
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Answers
1
On the Stock Market...
Consumers buy companies
Consumers invest in a share of a business
Consumers sell products and services
Consumers buy products and services
2
What is meant by competitiveness?
Matching and beating rival businesses
A game of football between rival busineses
3
Some advantages of a public company includes limited liability and they...
can't go bankrupt
can raise large amounts of capital by selling shares
find it difficult to raise large amounts of capital
4
Why might a company choose to remain an
Ltd
rather than become a
PLC
A PLC has unlimited liability
All of these
They can access more finance
Less chance of a hostile takeover in future
5
What is another term for organic growth?
International growth
Intestinal growth
Internet growth
Internal growth
6
Internal/Organic Growth is:
External (inorganic) growth: merger, takeover.
Taking advantage of technology and/or expanding overseas
New products (innovation, research and development)
Entering new markets - through changing the marketing mix
7
Some disadvantages of a public company include
having to comply with many regulatory requirements
the ability to make a profit
too many owners
Knowing what to do once the company goes 'public'
8
What is inorganic growth or external growth?
Buying out your suppliers
Buying out your customers
Buying another business to expand your own
Buying out the competition
9
A competitive advantage is?
Having a weak competitor
a direct selling approach
A bargain deal
Offering better customer value
10
What is meant by productivity?
A motivational technique
Over time for employees
The amount of products produced over a given time
Ways of treating employees
11
Why might a company choose to remain an
Ltd
rather than become a
PLC
They don't want the public scrutiny that will come with it.
They have better things to do
They don't have the minimum of £50,000 share capital
A PLC is always more risky
12
What is a tariff?
Tax on exports
A group of countries which agree to lower tariffs
Tax on imports
A group of countries which agree to increase tariffs
