1
Q
What is External Expansion?
A
expanding by working with other businesses.
2
Q
What is a Merger?
A
When 2 firms join together to form a new firm
3
Q
What is a Takeover?
A
when an existing firm expands by buying more than half the shares in another firm
4
Q
Does External or internal expansion grow quicker?
A
External
5
Q
What is the advantage of joining with a supplier?
A
allows a firm to control the supply, cost and quality of its raw materials
6
Q
What is the advantage of joining with one of its competitors?
A
more economies of scale and a bigger market share.
7
Q
A
Business
flashcards
Decks in class (54)
# Cards
-
Why Businesses Exist4
-
Sectors of the Economy3
-
Enterprise5
-
Factors of Production6
-
Business Ownership Structures13
-
Not-For-Profit Organisations2
-
Business Aims and Objectives16
-
Stakeholders18
-
Revenue, Costs and Profit10
-
Location7
-
Expanding Businesses6
-
Business Plan9
-
Internal Expansion16
-
External Expansion7
-
Employment and the Law6
-
Consumer Law5
-
Technology and business12
-
Ethical considerations7
-
Ethical and Environmental Considerations10
-
Environmental considerations5
-
Interest rates9
-
Competition8
-
Globalisation7
-
Risks in business1
-
Methods of production12
-
Internal Organisational structures17
-
Recruitment19
-
Staff Training12
-
Financial Motivation14
-
Non-financial motivation7
-
The Marketing mix5
-
Market Research27
-
Product Life Cycle9
-
Extension Strategies8
-
Product Portfolios7
-
Product development16
-
Price7
-
Pricing strategies5
-
Methods of promotion28
-
Place13
-
E-commerce6
-
Supply chains8
-
Procurement and Logistics6
-
Methods of Production10
-
Production Efficiency7
-
Quality9
-
Customer Service6
-
Sources of finance - Small firms22
-
Sources of Finance - Established Firms13
-
Investments9
-
Break-Even Analysis8
-
Cash Flow20
-
Income statements14
-
Statements of Financial position11
