Which of the following are able to adapt quickly to meet changing customer needs?
Large firms
Small firms
Medium firms
Cooperatives
External growth is also referred to as:
Integration
Market value
Capital employed
Diversification
An agreement by shareholders and managers of two businesses.
Merger
Synergy
Alliance
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 is the sales of the business as a proportion of total market sales?
Market share
Market capitalisation
Share
Stock turnover
Who manages and controls small businesses?
Owner
Producer
Creditor
Debtor
Which of the following means that the whole is greater than the sum of parts?
Take overs
Which of the following can benefit from the cost reductions associated with large scale production?
Small business
Large business
Middle business
Economies
Takeover is referred to as:
Acquisition
Industrialization
Which of the following is the total value of all long term finance invested in the business?
Sales turnover
Purchase turnover
Inventory turnover
