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2.1 Business Growth Edexcel GCSE Flashcards | StudBud
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2.1 Business Growth Edexcel GCSE
2.1 Business Growth Edexcel GCSE
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Questions
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Answers
1
The flow of goods and services out of one country into another is known as...
Imports
Exports
2
What is the STOCK EXCHANGE?
Where shares are bought and sold
Where shares are sold
Where shares are bought
Where shares are exchanged between businesses
3
Which one of these is NOT a reason businesses need to change objectives?
Legislation
Market conditions
Angry customers
New Technology
4
A MERGER is an example of ORGANIC GROWTH
False
True
5
•A business may decide to move the whole business overseas and change location. What is this called?
Offshoring
Moving home
Emigrating
Relocating
6
RETRENCHMENT is the downsizing of a business
True
False
7
What is an example of how a business might evolve as it grows?
greater share capital
reducing workforce
market conditions
focus on survival
8
Tariffs help to persuade consumers to switch and buy UK made goods.
False
True
9
Which is an element of MARKETING MIX?
Planning
Product
Profit
Payment
10
What 4 things change the MARKETING MIX?
Price, Place, Perseverance, Promotion
Price, Product, Place, Promotion
Price, Passion, Place, Promotion
Passion, Place, Perseverance, Promotion
11
Tariffs are NOT imposed by governments to raise revenue and to restrict imports.
False
True
12
A trade bloc is a group of countries who make a trade agreement not to place tariffs on imports
False
True
13
A tariff is a tax placed on an import to increase its price and decrease its demand.
True
False
14
A TAKEOVER is an example of INORGANIC GROWTH
False
True
15
Explain what is meant by INORGANIC GROWTH
The growth rate achieved within the company.
The growth rate achieved outside of the company.
The growth rate achieved by taking over with another company.
The growth rate achieved by merging with another company.
16
PLC stands for...
Private Lucrative Company
Public Limited Company
Private Limited Company
Public Lucrative Comany
17
Explain what is meant by ORGANIC GROWTH
The growth rate achieved outside of the company.
The growth rate achieved by taking over with another company.
The growth rate achieved by merging with another company.
The growth rate achieved within the company.
18
Which of the following is an element of DESIGN MIX?
Cost
Product
Quality
Price
19
Which of the following is an example of internal sources of finance?
share capital
selling assets
loan capital
stock market floatation
20
Explain what is meant by STOCK MARKET FLOATATION
A business advertising its services
A business becoming a PLC to buy shares
A business becoming a PLC to sell shares
A business advertising its products
21
The flow of goods and services from one country into another is known as...
Exports
Imports
22
What are the 2 main sources of finance?
Organic and inorganic
Intrinsic and extrinsic
Internal and external
