Growing the Business GCSE Business Quiz
Test your knowledge of Growing the Business with this quiz.
This quiz consists of 15 questions, including multiple-choice and short-answer questions.
For multiple-choice questions, choose the correct answer.
Questions
What is meant by organic growth in a business?
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What is the main advantage of using mergers or acquisitions as a method of growth?
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Which of the following is a disadvantage of external growth (e.g., mergers and acquisitions)?
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Which type of business ownership is most likely to be suitable for a growing business that needs access to capital?
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How does being a private limited company (Ltd) benefit a growing business?
The owners’ liability is limited to the amount they invested in the business.
What is one common source of finance for a growing business?
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What is venture capital and how can it help a growing business?
Venture capital is investment provided by private investors in exchange for equity in a business. It can help a growing business by offering substantial funds to support expansion, innovation, and product development.
Why do business aims and objectives change as a business grows?
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What might a business do when it reaches a point where its original aims are no longer relevant?
Review and update its aims and objectives to reflect the business's new situation.
How does globalisation affect businesses?
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What is one barrier to international trade?
Government tariffs and import restrictions.
What is meant by trade barriers?
Trade barriers are restrictions such as tariffs, quotas, or licensing requirements that make it harder for businesses to sell goods and services internationally.
How can businesses compete internationally?
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What is the role of pricing strategy in international competition?
Pricing strategy allows businesses to remain competitive in international markets by considering local purchasing power, cost of goods, and competition in each market.
How can globalisation impact a small business trying to grow?
Globalisation can provide small businesses with access to international markets and customers, but it can also present challenges such as increased competition from larger multinational companies.
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