Economy and Industry Sectors Quiz

Which Sector of the Economy would a furniture factory be in?

• Primary Sector

• Secondary Sector

• Tertiary Sector

• Quaternary Sector

Which Sector of Industry is a bank in?

• Primary Sector

• Secondary Sector

• Tertiary Sector

• Quaternary Sector

Which of the following is an example of internal growth for a business?

• Acquisitions

• Franchising

• Diversification

• Outsourcing

What is an example of external growth for a business?

• Increasing staffing

• Opening new branches

• Mergers

• Advertising

Which method of growth involves a business expanding by using another company's brand and business model?

• Outsourcing

• Franchising

• Horizontal integration

• Organic growth

Which of the following is NOT a method of internal growth?

• Increasing advertising

• Opening new branches

• Takeovers

• Increasing staffing

Which method of growth involves a business contracting out a business process to another company?

• Diversification

• Outsourcing

• Vertical integration

• Conglomerate

Which term refers to the growth of a company by increasing output and enhancing sales internally?

• Horizontal Integration

• Organic Growth

• Merger

• Takeover

What is the term for the combination of two companies into one, typically to achieve greater efficiencies of scale and productivity?

• Divestment

• De-merger

• Merger

• Outsourcing

Which term describes the process of a company selling off a portion of its assets or a subsidiary?

• Asset Stripping

• Divestment

• Takeover

• Lateral Growth