3.5 Firms
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deanhoss
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20 QuestionsShow answers
  • Question 1
    30 seconds
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    Q. Two or more firms agree to form as a new organization, losing original identities
    answer choices
    Merger
    Joint venture
    Acquisition
    Franchise
  • Question 2
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    Q. One company buys a controlling interest in another firm
    answer choices
    Horizontal integration
    Acquisition
    Merger
    Internal growth
  • Question 3
    30 seconds
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    Q. Two or more businesses split costs, risks, control and rewards of a project
    answer choices
    Strategic alliance
    Franchise
    Joint venture
    Merger
  • Question 4
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    Q. A synonym for 'acquisition'
    answer choices
    Internal growth
    Vertical integration
    Merger
    Takeover
  • Question 5
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    Q. PepsiCo acquiring Quaker Oats Company represents which type of integration?
    answer choices
    Lateral
    Backward vertical
    Forward vertical
    Conglomeration
  • Question 6
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    Q. An organisation that operates in two or more countries, with head office in a home country
    answer choices
    Globalisation
    Multi National Company
    Strategic alliance
    Conglomerate
  • Question 7
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    Q. Refers to the combined effect being greater than the sum of the individuals
    answer choices
    First mover advantage
    Diversification
    Flexibility
    Synergy
  • Question 8
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    Q. To combine or unite to form one organization
    answer choices
    Redundancy
    Franchise
    Conglomerate
    Amalgamation
  • Question 9
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    Q. When a business buys up a firm operating in the same stage of production
    answer choices
    Horizontal integration
    Vertical integration
    Lateral integration
    Internal growth
  • Question 10
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    Q. Growth type when a business grows using its own resources to increase scale of its operations
    answer choices
    Vertical
    External
    Organic
    Lateral
  • Question 11
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    Q. Joint ventures, mergers and acquisitions are all examples of what type of growth?
    answer choices
    Internal
    External
    Organic
    Branding
  • Question 12
    30 seconds
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    Q. All of the following are examples of internal economies of scale EXCEPT
    answer choices
    Skilled labour
    Financial
    Technical
    Management
  • Question 13
    30 seconds
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    Q. All of the following are examples of external economies of scale EXCEPT
    answer choices
    Technological
    Purchasing
    Improved transportation
    Regional specialisation
  • Question 14
    30 seconds
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    Q. An increase in the average costs of production as a firm grows is referred to as
    answer choices
    Economies of scale
    Diseconomies of scale
    Bad business
    Cost push inflation
  • Question 15
    30 seconds
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    Q. A benefit of an organization being small is
    answer choices
    Brand recognition
    Lower prices
    Greater choice
    Greater motivation
  • Question 16
    30 seconds
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    Q. Which of the following is a benefit to an organisation being large?
    answer choices
    Cost control
    Market leader status
    Government aid
    Flexibility
  • Question 17
    30 seconds
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    Q. Which of the following is NOT a benefit to mergers and acquisitions?
    answer choices
    Greater market share
    Synergy
    Diversification
    Redundancies
  • Question 18
    30 seconds
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    Q. In a franchise agreement, the franchisee benefits from all of these EXCEPT
    answer choices
    Low risk with tested idea
    Training and advise from HQ
    Large scale advertising
    Shares profits with franchisor
  • Question 19
    30 seconds
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    Q. Microsoft purchasing Nokia's hand-held division last year for $7.2Bn represents a/an
    answer choices
    Vertical acquisition
    Organic growth strategy
    Conglomerate
    Acquisition
  • Question 20
    30 seconds
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    Q. Joint ventures have advantages including all of these EXCEPT
    answer choices
    Culture clash
    Spreading of costs and risks
    Entry to foreign markets
    Competitive advantage
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