1.7 Expanding a Business

1.7 Expanding a Business

9th - 12th Grade

8 Qs

quiz-placeholder

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1.7 Expanding a Business

1.7 Expanding a Business

Assessment

Quiz

Business

9th - 12th Grade

Hard

Created by

Scott Reagan

FREE Resource

8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which method of growth involves employing another business to produce products or provide services?

E-commerce

Franchising

Outsourcing

Merger

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is a type of diseconomy of scale?

Increased motivation

Investment in technology

Lower average unit costs

Poor communication

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a potential disadvantage of outsourcing?

Access to specialised skills

Cost savings

Loss of control over quality

Increased focus on core activities

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which growth strategy involves a company merging with another company in the same industry?

Horizontal integration

Forwards Vertical integration

Conglomerate merger

Backwards Vertical integration

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a benefit of vertical integration?

Reduced dependency on suppliers

Higher advertising costs

Increased competition

Lower employee retention

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential drawback of a merger between two companies?

Access to new markets

Larger market share

Cultural clashes

Increased innovation

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which method of growth involves a company acquiring another company in a different industry?

Horizontal integration

Backwards Vertical integration

Conglomerate merger

Forwards Vertical integration

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a potential risk of a merger?

Enhanced brand recognition

Economies of scale

Employee redundancies

Increased market share