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
None of these
The money invested into a business by the owners.
Land
Labour
Capital
Debit
Which of the following has no government control over factors of production?
Command economy
Mixed economy
Free market economy
Socialist economy
Which of the following has both a private sector and a public sector?
Capitalist economy
The business activities are classified into:
Two
Three
Four
Five
A free market economy is also known as .
Market economy
Planned economy
Which type of growth occurs when a business expands its existing operations?
Internal growth
External growth
Merger
Diversification
Which of the following methods of production may be used by a company employing many workers?
Capital intensive
Labour intensive
Capital employed
Labour employed
The decline in the manufacturing or secondary sector of industry.
Industrialisation
De - Industrialisation
Privatisation
