Which of the following are able to adapt quickly to meet changing customer needs?
Large firms
Small firms
Medium firms
Cooperatives
Market share is a:
Simplest measure
Relative measure
Complex measure
Comparative measure
Which of the following is the business expansion achieved by means of merging with or taking over another business, from either the same or a different industry?
Internal growth
External growth
Economic growth
Social growth
Takeover is referred to as:
Acquisition
Integration
Industrialization
Diversification
Which of the following means that the whole is greater than the sum of parts?
Synergy
Merger
Take overs
Alliance
Which of the following is the total value of sales made by a business in a given time period?
Purchase turnover
Sales turnover
Capital employed
Inventory turnover
Which of the following can benefit from the cost reductions associated with large scale production?
Small business
Large business
Middle business
Economies
External growth is also referred to as:
Market value
Which of the following is an agreement between firms in which each agrees to commit resources to achieve an agreed set of objectives?
Joint ventures
Strategic alliances
Globalisation
Which of the following is the total value of all long term finance invested in the business?