Free market economy is also known as:
Mixed economy
Market economy
Planned economy
Socialist economy
Which sector is made up to government or state owned and controlled business and organisations?
Private
Public
Both A & B
None of these
The business activities are classified into:
Two
Three
Four
Five
The surplus after total cost have been subtracted from sales revenue.
Profit
Capital
Land
Revenue
A free market economy is also known as .
When one firm merges with or takes over another one in the same industry, but at a different stages of production, it is termed:
Horizontal integration
Vertical integration
Conglomerate integration
Diversification
Which of the following has both a private sector and a public sector?
Free market economy
Command economy
Capitalist economy
Which of the following integration happens when a firm integrate with another firm at an earlier stage of production, i.e. closer to the raw material supplies, in the case of a manufacturing firm?
Forward vertical
Back ward vertical
Conglomerate
The money invested into a business by the owners.
Labour
Debit
What is the other name of command economy?
