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Aice Business Ch.3 Flashcards | StudBud
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Aice Business Ch.3
Aice Business Ch.3
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Size of Business
Flashcards
15 cards
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Practice quiz
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Questions
15
Answers
1
Which is an example of internal growth?
Buying other businesses
Opening new shops
Getting loans from a bank
2
One Reason why Small firms are beneficial?
They have a high labour productivity
They stimulate the economy
They produce high outputs
They take away land
3
Why might comparing business sizes be misleading ?
Because other businesses may be bigger but in different ways
It does'nt give enough information on the business
Because it is illegal
It is unethical
4
If a firm has a high market share what is true?
It is the biggest company in that specific market
It must be among the leaders and is comparatively large
It has a high capital employed
It makes a lot of profits
5
What is Market Share
It is the share the market posses of the items they sell
Sales of the business as a proportion of total market share
total value of sales made by a business
Ms Stancl
6
What is true about market capitalization?
It can be done by Revenue calculation
it is done by measuring the number of employees
It can be applied for all businesses
It can only be used for businesses in the stock exchange
7
Which is TRUE?
There is two ways to measure size of a business
There is only one way to measure size of a business
There are only 3 ways for measuring business size
There are many different ways to measure size of a business
8
What is Internal Growth?
Expansion by taking over other businesses
Making more revenue than previously
Expansion of a business by means of opening new branches
Selling more products
9
What is capital employed?
The total value of all long term finance invested
How much workers the business employs
All the money the business makes
total value of shares
10
What way is the simplest to measure business size?
Number of employees
Capital employed
Revenue
market share
11
What is Revenue?
The total value of sales made by a business in a given time
total shares a company has
The total value of a company
Sales of a business
12
What is market capitalization?
Putting a maximum on the production of a business
When the ATC=MC
Total value of a company's issued shares
Capitalizing the market
13
which choice is NOT a way to measure the size of a business
Revenue
How much they charge for their services
micromanagement
How much they are recognized by the public
14
Which form of business size measurement is the best?
Market Capitalization
Capital Employed
Revenue
There is no "best" form of measurement
15
Formula for market share?
revenue/capital employed X 100
new-old/old
Capital employed/revenue
total sales/sales of industry X 100
