Growing the business (Edexcel GCSE Business): Quizzes
📚Quizzes
Practise the questions
12 questions from this quiz
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Practise the questions
12 questions from this quiz
What does business growth mean?
What does business growth mean?
Increasing sales output over time
Why do businesses pursue growth?
Why do businesses pursue growth?
To reduce costs via economies of scale
What is internal growth also called?
What is internal growth also called?
Organic growth
Which is a method of internal growth?
Which is a method of internal growth?
Developing new products
How does internal growth compare to external growth in terms of speed?
How does internal growth compare to external growth in terms of speed?
External growth is quicker
What is a merger?
What is a merger?
Two+ companies voluntarily combining
What is a takeover?
What is a takeover?
One company purchasing another
What is the key difference between mergers and takeovers?
What is the key difference between mergers and takeovers?
Mergers are voluntary; takeovers can be hostile
What is backward vertical integration?
What is backward vertical integration?
Joining a business at an earlier stage
A car manufacturer acquiring car dealerships is an example of what?
A car manufacturer acquiring car dealerships is an example of what?
Forward vertical integration
What is horizontal integration?
What is horizontal integration?
Companies at same stage combining
What is a key purpose of vertical integration?
What is a key purpose of vertical integration?
To control supply chains