Business Growth (AQA A-Level Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
Which of these is NOT a way to measure business size?
Which of these is NOT a way to measure business size?
Customer satisfaction ratings
What is organic growth?
What is organic growth?
Expanding from within, e.g., new stores
Technical economies of scale allow large businesses to reduce which cost?
Technical economies of scale allow large businesses to reduce which cost?
Wage costs via better machinery
What purchasing benefit do large businesses gain from bulk buying?
What purchasing benefit do large businesses gain from bulk buying?
Bigger discounts & longer credit periods
Why do marketing economies reduce unit costs for large businesses?
Why do marketing economies reduce unit costs for large businesses?
Fixed marketing costs spread over more units
External economies of scale benefit which group?
External economies of scale benefit which group?
An entire industry or geographical area
What does the experience curve demonstrate?
What does the experience curve demonstrate?
More you do something, better you get at it
Economies of scope occur when one business can produce many products more cheaply than what?
Economies of scope occur when one business can produce many products more cheaply than what?
Many businesses producing one product each
Which problem causes diseconomies of scale?
Which problem causes diseconomies of scale?
Communication difficulties & coordination
Retrenchment means businesses become what?
Retrenchment means businesses become what?
Smaller through strategic shrinking