Higher Business Management - Understanding Business Revision

Which sector if industry consists of businesses providing information and knowledge-based services?

• Secondary

• Primary

• Quarternary

• Tertiary

A PLC is a Private Limited Company ...

• False

• True

The following disadvantage: Profits have to be split with many shareholders by issuing dividends is associated with which type of organisation?

• Sole Trader

• Charity

• Social Enterprise

• LTD

Which type of organisation aims to tackle a social issue?

• Social Enterprise

• Charity

• Voluntary Organisation

Samsung with its diverse portfolio is an example of what type of growth?

• Forward Vertical Integration

• Diversification

• Horizontal Integration

• Lateral Integration

Due to reduced competition, the new larger business can raise prices = increasing profits is an advantage for ...

• Horizontal Integration

• Lateral Integration

• Backwards Vertical Integration

• Conglomerate Integration

Which of the following are examples of Internal/Organic Growth

• Launching new products/services

• Hiring more staff

• Increasing production capacity

• Introducing e-commerce

Which of the following is NOT an external stakeholder?

• Government

• Shareholders

• Customers

• Banks/Lenders

The definition 'why a stakeholder needs another stakeholder?' relates to ...

• Interdependence

• Conflict

'Customers want cheap goods at a high quality whereas managers want to make high profits on their goods' is an example of ...

• Interdependance

• Conflict