Which type of growth occurs when a business expands its existing operations?
Internal
External
Merger
Diversification
Which is the type of integration when one firm merges with or takes over another one in the same industry but at the different stages of production?
Horizontal
Vertical
Conglomerate
When firm merges with or takes over a firm in a completely different industry, it is called:
Vertical integration
Horizontal integration
Conglomerate integration
Amalgamation
When a firm integrate with another firm at the earlier stages of production, that is, closer to the raw material supplies, in the case of a manufacturing firm, it is called:
Forward vertical integration
Backward vertical integration
Internal growth
External growth
Takeover
Which of the following methods of production may be used by a company employing many workers?
Capital intensive
Labour intensive
Capital employed
Labour employed
Profit is not always an aim of business in the:
Private sector
Public sector
Industrial sector
Service sector
Profit
Capital
Land
Capital gains
What is the other name of command economy?
Free market economy
Mixed economy
Planned economy
Capitalist economy
Which of the following is also called integration?
Factors of production
Liberalisation
