Which of the following economy has no government control over factors of production?
Command economy
Mixed economy
Free market economy
Socialist economy
Which type of growth occurs when a business expands its existing operations?
Internal growth
External growth
Merger
Diversification
Which type of integration happens when a firm integrates with another firm which is at a later stage of production, i.e. closer to the consumer?
Forward vertical
Back ward vertical
Conglomerate
None of these
Which of the following has both a private sector and a public sector?
Capitalist economy
Which of the following sector of industry provides services to consumers and the other sectors of industry?
Primary
Secondary
Tertiary
Quaternary
How many different types of economic systems are there?
Two
Three
Four
Five
The decline in the manufacturing or secondary sector of industry is called:
Industrialisation
De-industrialisation
Privatisation
Globalisation
When a business takes over another business, it is termed:
Substitution
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?
