Which of the following can benefit from the cost reductions associated with large scale production?
Small business
Large business
Middle business
Economies
Small firms are also known as:
Macro enterprises
Micro enterprises
Private enterprises
Medium enterprises
Small businesses can be managed and controlled by the:
Owner
Producer
Creditor
Debtor
The main aim of owners and directors is:
Capital
Dividend
Profit
Credit
Which of the following is the expansion of a business by means of opening new branches, shops or factories?
Internal growth
External growth
Economic growth
Social growth
Which of the following means that the whole is greater than the sum of parts?
Synergy
Merger
Take overs
Alliance
Which of the following are very important to all economies?
Large firms
Small firms
Middle firms
Service firms
Which of the following is an agreement between firms in which each agrees to commit resources to achieve an agreed set of objectives?
Joint ventures
Strategic alliances
Globalisation
Which of the following is the total value of sales made by a business in a given time period?
Purchase turnover
Sales turnover
Capital employed
Inventory turnover
Which of the following is the total value of a company's issued shares?
Over capitalisation
Under capitalisation
Market capitalisation
Inventory capitalisation
