Which sector of industry provides services to consumers and the other sectors of industry?
Primary
Secondary
Tertiary
Quaternary
A free market economy is also known as .
Mixed economy
Market economy
Planned economy
None of these
Which is the type of integration when a firm merges with or takes over a firm in a completely different industry?
Vertical
Horizontal
Conglomerate
Which is the type of integration when one firm merges with or takes over another one in the same industry but at a different stages of production?
When a business takes over another business, it is termed:
Internal growth
External growth
Diversification
Substitution
Which sector is made up to government or state owned and controlled business and organisations?
Private
Public
Both A & B
When a firm integrates with another firm which is at a later stage of production, that is closer to the consumer, it is termed:
Forward vertical integration
Backward vertical integration
Conglomerate integration
The business activities are classified into:
Two
Three
Four
Five
How many different types of economic systems are there?
A company employing many workers may use:
Capital intensive methods of production
Labour intensive methods of production
Capital employed methods of production
Raw material intensive methods of production
