Business Growth (Edexcel A-Level Economics A): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What is the primary objective of most private sector firms?
What is the primary objective of most private sector firms?
Generate profits for owners
What is the principal-agent problem?
What is the principal-agent problem?
Owners delegate decisions to managers
Who introduced the concept of 'satisficing' behaviour?
Who introduced the concept of 'satisficing' behaviour?
Herbert Simon
Which method describes organic growth?
Which method describes organic growth?
Reinvesting profits or borrowing
What type of merger joins two car assembly firms?
What type of merger joins two car assembly firms?
Horizontal merger
Hotel Chocolat acquiring a cocoa plantation is an example of what?
Hotel Chocolat acquiring a cocoa plantation is an example of what?
Backward integration
What is a key benefit of conglomerate mergers?
What is a key benefit of conglomerate mergers?
Reduced risks for firms
Why does the principal-agent problem arise?
Why does the principal-agent problem arise?
Asymmetric information
What benefit can a demerger provide to businesses?
What benefit can a demerger provide to businesses?
Renewed focus on core business
When did the globalisation process begin?
When did the globalisation process begin?
Since the 1980s