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IB Business Management Chapter 1.6 Flashcards | StudBud
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IB Business Management Chapter 1.6
IB Business Management Chapter 1.6
21 terms
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#growth #globalization #mncs
Flashcards
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Answers
1
_is person, group, organization, which directly or indirectly affects and affected by business
Stakeholder
Shareholder
Audience
Customer
2
Company X has businesses in Construction, Education, Food, Textile, Retail, and Tourism. X is
Sole Trader
Multinational Company
Merger
Conglomerate
3
Which of the following is an advantage of globalization
Culture Clash
Workforce Exploitation
New Ideas of Business
Complexity of management
4
PEST is abbreviation of
Political Economic Sustainable Technological
Populational Economic Social Technological
Political Ecological Social Technological
Political Economic Social Technological
5
Which of the following is not a reason behind being a Multinational Company
Saturation of Local Markets
Learning Cultural Diversity
Accessing Cheap Labor
Avoiding Import Restrictions such as Quotas
6
___is a business that uses the name logo and trading systems of an existing successful business
Conglomeration
Joint Venture
Franchising
Strategic Alliance
7
Which of the following is a DIS-advantage of globalization
Skill Transfer
Increased Product & Service Diversity
Fail of local businesses
Increased Competition
8
Firm A produces cheesecake, and acquires a packaging company. This is called as
Horizontal Integration
Forward Vertical Integration
Diversification
Backward Vertical Integration
9
Factors that cause average costs of production to rise when operation is increased is called as
Diseconomies of Scale
Economies of Scope
Internal Integration
Economies of Scale
10
__ simplest form of business owned and operated by one (1) person
Partnership
Private Limited Company
Cooperative
Sole Trader
11
Which of the following is not an internal stakeholder
Managers
Shareholder
Employees
Suppliers
12
2 or more business work together on particular project for
finite time&create separate business
Merger
Acquisition
Joint Venture
Strategic Alliance
13
Which one is an internal growth method
Opening New Branches
Acquisition
Merger
Joint Venture
14
Decreasing average cost (AC) through producing more is called as
Bulk Buying
Economies of Scale
Diseconomies of Scale
Economies of Scope
15
___ has legal right to sell its shares to public on stock market
Public Sector
Private Limited Company
Public Limited Company
Public Private Partnership
16
______ big companies have operations (factory or branch etc.) in more than one country
Partnerships
Strategic Alliances
Multinational Companies
Conglomerates
17
Eti Brownie Intense - Bitter Vişneli - is an example of
Product Development
Market Development
Market Penetration
Diversification
18
McDonalds gives Walt Disney toys with Happy Meal. This is an example of
Joint Venture
Merger
Franchising
Strategic Alliance
19
__is voluntary activities done by business to provide social welfare.
Corporate Social Responsibility
Ethical Responsibility
Social Citizenship
Voluntary Responsibility
20
Firm A produces cheesecakes, and acquires a milk farm (diary). This is called as
Backward Vertical Integration
Diversification
Horizontal Integration
Forward Vertical Integration
21
___ is the the amount of payment done to the Franchiser based on sales
Welcome Fee
Royalties
Comission
Signing Value