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