Business growth (OCR 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 is organic growth?
What is organic growth?
Internal growth
How can a business increase output as part of organic growth?
How can a business increase output as part of organic growth?
Using new technology
What are two ways to gain new customers through organic growth?
What are two ways to gain new customers through organic growth?
Cutting prices or improving marketing
What does introducing new products as organic growth involve?
What does introducing new products as organic growth involve?
Research and development
How is external growth achieved?
How is external growth achieved?
By mergers and takeovers
What is a horizontal takeover?
What is a horizontal takeover?
Taking over a firm in the same field
Which is an example of a horizontal takeover?
Which is an example of a horizontal takeover?
One supermarket joins with another
What is a benefit of a horizontal takeover?
What is a benefit of a horizontal takeover?
One less competitor in the market
What is a backward vertical takeover?
What is a backward vertical takeover?
Taking over a company that supplies you
What is a forward vertical takeover?
What is a forward vertical takeover?
Taking over a firm you can sell to
What is diversification?
What is diversification?
Taking over firm in unrelated industry
What is a benefit of diversification?
What is a benefit of diversification?
Another area to fall back on