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- 1. Multiple Choice
When two businesses of roughly equal size agree to come together to form one big business
Innovation
Takeover
Merger
Organic growth
- 2. Multiple Choice
Which of the following conditions might make a business change its aims and objectives
Increases in the minimum wage
Changing market conditions
A strike by members of the union
Entering a new market
- 3. Multiple Choice
Greenpeace, Campaign Against Arms Trade and Corporate Watch are examples of what?
Public Limited Companies
Pressure groups
Trade unions
Multinational companies
- 4. Multiple Choice
The scientific research and technical development needed to come up with successful new products
Innovation
Research and development
Takeover
Extension strategy
- 5. Multiple Choice
A business that issues shares by invitation only - usually to family and friends
Multinational company
Partnership
Public limited company
Private limited company
- 6. Multiple Choice
When a company decides to start trading in a market it hasn't been in before
Entering markets
Market share
Existing markets
Effective marketing
- 7. Multiple Choice
Listing company shares on the stock market
Overdraft
Private limited company
Sale
Flotation
- 8. Multiple Choice
Growth from within the business, such as creating and launching successful new products
Takeover
Merger
Inorganic growth
Organic growth
- 9. Multiple Choice
Bringing a new idea to the market, such as Warburton’s idea of an extra-large crumpet
Maturity
Invention
Innovation
Extension strategy
- 10. Multiple Choice
Growth by buying other businesses or by merging with a business of roughly the same size
Inorganic growth
Organic growth
Innovation
Takeover
- 11. Multiple Choice
A company that can sell its shares on the stock market
Partnership
Private limited company
Public Limited company
Multinational company
- 12. Multiple Choice
Weighing up decisions or actions on the basis of morality not personal gain
The environment
Ethics
Ethical considerations
Equality
- 13. Multiple Choice
A group of countries that have agreed to have free trade with external tariff walls
Trade blocs
United Nations
Exchange rates
Protectionism
- 14. Multiple Choice
Taxes charged only on imported goods
Income tax
Indirect taxes
Excise duties
Tariffs
- 15. Multiple Choice
An organisation that buys directly from suppliers, making sure that the price paid is high enough to allow fair wages to be paid
Organics
London Stock Exchange
Fair Trade
National Farmers Union
- 16. Multiple Choice
The price of one currency measured in terms of another currency
Import control
Exchange rate
Interest rates
Imports
- 17. Multiple Choice
The increasing tendency for countries to trade with each other and to buy global goods
Trading blocs
Protectionism
Globalisation
Tariffs
- 18. Multiple Choice
Free trade
Trade between countries with no barriers, e.g. tariffs
Trading products without making a charge for them
Protectionism
Trading with only limited amounts of regulation
- 19. Multiple Choice
Products made in this country but sold overseas
Exports
Imports
Exchange rates
Price
- 20. Multiple Choice
Finding a way to succeed against rivals from overseas
Protectionism
Competing internationally
Imports
Consumer expenditure
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