Who manages and controls small businesses?
Owner
Producer
Creditor
Debtor
Takeover is referred to as:
Acquisition
Integration
Industrialization
Diversification
Which of the following is the sales of the business as a proportion of total market sales?
Market share
Market capitalisation
Share
Stock turnover
Small firms are also known as:
Macro enterprises
Private enterprises
Micro enterprises
Medium enterprises
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
An agreement by shareholders and managers of two businesses.
Merger
Synergy
Alliance
Which of the following means that the whole is greater than the sum of parts?
Take overs
Which of the following is the expansion of a business by means of opening new branches, shops or factories?
Population growth
External growth
Economic growth
Internal growth
Which of the following are able to adapt quickly to meet changing customer needs?
Large firms
Small firms
Medium firms
Cooperatives
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
