Business Studies

Business Aims and Organisation

Expanding a business - Test

1.

What is a monopoly?

2.

Why does a business benefit from growth?

3.

What do economies of scale result in?

4.

What is hiring more staff an example of?

5.

What is spreading overheads over a large level of output an example of?

6.

How can small firms best compete against large rivals?

7.

How can a business grow in size?

8.

When does organic growth occur?

9.

How often will a growing business make a profit?

10.

Which of the following is not guaranteed with business expansion?