* not completed

. Internal economies of scale do not include:

Technical correct incorrect

Purchasing correct incorrect

Managerial correct incorrect

Market capitalisation correct incorrect

* not completed

. Which of the following is horizontal integration?

A business buys a business at the same stage of the same production process correct incorrect

A business buys a business at a different stage of the same production process nearer the final customers correct incorrect

A business buys a business at a different stage of the same production process nearer the raw materials correct incorrect

A business buys a business in a different production process correct incorrect

* not completed

. Which of the following is forward vertical integration?

A business buys a business at the same stage of the same production process correct incorrect

A business buys a business at a different stage of the same production process nearer the final customers correct incorrect

A business buys a business at a different stage of the same production process nearer the raw materials correct incorrect

A business buys a business in a different production process correct incorrect

* not completed

. Which of the following is conglomerate integration?

A business buys a business at the same stage of the same production process correct incorrect

A business buys a business at a different stage of the same production process nearer the final customers correct incorrect

A business buys a business at a different stage of the same production process nearer the raw materials correct incorrect

A business buys a business in a different production process correct incorrect

* not completed

. Which of the following is backward vertical integration?

A business buys a business at the same stage of the same production process correct incorrect

A business buys a business at a different stage of the same production process nearer the final customers correct incorrect

A business buys a business at a different stage of the same production process nearer the raw materials correct incorrect

A business buys a business in a different production process correct incorrect

* not completed

. Which of the following statements is true?

A franchise occurs when one business buys another correct incorrect

A franchisor sells a franchise to a franchisee correct incorrect

A franchisor buys a franchise from a franchisee correct incorrect

The franchisor pays the franchisee for the franchise correct incorrect

* not completed

. Which of the following is true?

Takeovers are a form of internal growth correct incorrect

Acquisitions are a form of internal growth correct incorrect

Mergers are a form of internal growth correct incorrect

Increasing sales of existing products is a form of internal growth correct incorrect

* not completed

. What is meant by SMEs?

Small Mean Enterprises correct incorrect

Small Manufacturing Enterprises correct incorrect

Social and Mission-led Enterprises correct incorrect

Small Medium Size Enterprises correct incorrect

* not completed

. Which of the following is true?

In a merger one business takes over another correct incorrect

In an acquisition two businesses jointly form a new one correct incorrect

In a franchise a business sells the rights to another to use its name correct incorrect

All takeovers are voluntary correct incorrect

* not completed

. Internal economies of scale occur when:

Unit costs fall with more output correct incorrect

Costs fall with more output correct incorrect

Fixed costs fall with more output correct incorrect

Variable costs fall with more output correct incorrect

* not completed

. Growth can lead to profit. Profit is calculated by:

Revenue plus total costs correct incorrect

Total costs divided by revenue correct incorrect

Price minus fixed costs correct incorrect

Total revenue minus total costs correct incorrect