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Quiz Society
Business studies keywords
by
Allenjohn06
161 played -
9 yrs ago
A quiz for my business studies gcse class
30 QUESTIONS
65%
1
What is horizontal integration?
Joining two firms in the same industry.
Joining two firms in the same industry and stage of production.
Integrating in a straight line.
2
What is organic growth?
Expansion in trees
Expansion in the business
Plants growing
3
What is market share?
Sharing a market
A kind type of market
The proportion of the total market sales sold by one business
4
What are economies of scale?
When the cost per unit decreases as the business grows.
A careful scale
Political sales
5
What are dis-economies of scale?
Nasty scales
When the cost per unit increases as the business grows.
Evil political scales
6
What is inorganic growth?
Expansion by merging or taking other other businesses
Using fertiliser
Genetically altered man eating trees
7
What is vertical backward integration?
Joining two firms in same industry but different stage of production e. g : manufacturer buys supplier.
Walking backwards.
Taking other a bad business.
8
What is vertical forward integration?
Taking over a advanced business.
Walking forwards.
Joining two firms in same industry but different stage of production e. g : manufacturer buys retailer.
9
What is diversification?
Joining two firms from different industries.
Making different products.
Being different from competitiors.
10
What does Ltd mean?
Limited company
Limited company sold privately
Limited company sold on stock exchange
11
What does Plc mean?
Limited company sold on stock exchange
Limited company
Limited company sold privately
12
What does Agm mean?
Annual general meeting
Automatic giving machine
Awesome name
13
We can say limited liability ________ .
Is only liable for debt equal to initial investment
Has limited use
May turn on leader at moments notice
14
What is incorporation?
Shareholders seen as separate from workers
Shareholders seen as separate from customers
Shareholders seen as separate from business
15
Whats are shareholders?
Owners of businesses
Owners of companies
Part of the business
16
A memorandum of association __________ .
Shows external considerations for external stakeholders
Is a piece of paper
Associates rights
17
Articles of association ______________ .
Mean a cabinet full of files
Show the internal considerations for internal stakeholders
Are details of the associates
18
What is the stock market?
A massive wholesalers
A magical place where money is spent.
A place where shares are bought and sold.
19
What is an ombodsman?
A government person who maintains fairness in an industry.
A weird bald man
A bank manager
20
What are aims, for a company?
A business goal or target they might reach.
A business goal or target they hope to reach.
A business goal or target they can't reach.
21
What is an objective?
Specific, measurable target that outlines how the company will achieve that aim.
Specific, measurable target that outlines how the company will not achieve that aim.
Specific, measurable target that outlines how the company can achieve that aim.
22
What is the definition of an ethical objective?
It's where a business helps out the world problems.
It's where a business donates to charity.
It's where a business aims to do the right thing.
23
What does "environmental objective" mean?
Where a business aims to protect the people.
Where a business aims to protect the enviroment.
Where a business aims to protect the government.
24
What is private cost?
Costs a worker faces.
Costs a customer faces.
Costs a business faces.
25
What is private benefit?
Benefits a business recieves
Benefits a customer recieves
Benefits a worker recieves
26
What is social cost?
Costs to a business
Costs to society
Costs to the enviroment
27
What is social benefit?
Benefits to the government
Benefits to a business
Benefits to society
28
What is meant by 'location'?
Where a business is moving to
Where a business is geographically located
Where a business plans to open up
29
What is a quota?
A limit on the number of goods of a particular type that can be transported
A limit on the number of goods that can be transported
A limit on the number of goods of a particular type that can't be transported
30
What is tariff?
Tax on imports
Price of contract
Tax on exports
Let's GO
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