stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Organization & Environment Flashcards | StudBud
Explore
/
Organization & Environment
Organization & Environment
19 terms
·
StudBud Administration
·
143 plays
Imported from external platform
Flashcards
19 cards
F
Practice quiz
P
Host live
L
Questions
19
Answers
1
An individual who plans, organizes and manages a business, is called an...
Entrepreneur
Businessman
Intrapreneur
CEO
2
When a business grows using its own capabilities and resources
Inorganic growth
Organic growth
Independent growth
External growth
3
Lower average costs of production as a firm operates on a larger scale are...
Economies of scale
Profit
Diseconomies of scale
Break-even point
4
Any nationthat allows amultinational company to set up in its country.
Base
Head office
Host country
5
Two firms agree to form a company
Merger
Franchising
Takeover
Strategic alliance
6
Short-term/ medium-term and specific targets an organization sets in order to achieve its aims
Aims
Objectives
Strategies
Tactics
7
A report detailing how a business sets out to achieve its goals and objectives is a...
SWOT analysis
Income statement
Balance sheet
Business plan
8
Marketing planning tool which aids a business in determining its product and market growth
SWOT Analysis
Ansoff Matrix
Mission Statement
SMART Objectives
9
The size of a business can be measured by...
Total revenue
Size of its building
Market share
Infraestructure
10
______________ is the growing integration and interdependence of the world's economies.
Globalization
Reduced barriers
Multinational corporations
International growth
11
A problem that a new business may face is...
Too much cash flow
Big customer base
Good marketing
Lack of finance
12
It involves selling existing products in new markets
Market development
Product development
Selling new products in new markets
Market penetration
13
An E in STEEPLE stands for...
Ecologic
Ethical
Environmental
Economic
14
Businesses in the __________ sector are under the ownership and control of the government.
Public
Government
Private
Political
15
Declaration of underlying purpose of an organization's existence and its core values
Ethical code of practice
Mission statement
Business plan
Vision statement
16
A company able to advertise and sell its shares to general public via a stock exchange
Public limited company
Private limited company
17
___________ are businesses owned by their shareholders. Limited liability.
Companies
Business
Partnerships
Sole trader
18
______________ do not form part of the business
Managers
External stakeholders
Internal stakeholders
Shareholders
19
A multinational corporation has its head office based in...
Another country
A single international base
The home country
