Classic Classic Quiz Business studies keywords by Allenjohn06 Allenjohn06 171 played - 11 yrs ago A quiz for my business studies gcse class QUIZ 30 QUESTIONS medium Business 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 treesExpansion in the businessPlants growing 3 What is market share? Sharing a marketA kind type of marketThe 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 scalePolitical sales 5 What are dis-economies of scale? Nasty scalesWhen the cost per unit increases as the business grows.Evil political scales 6 What is inorganic growth? Expansion by merging or taking other other businessesUsing fertiliserGenetically 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 companyLimited company sold privatelyLimited company sold on stock exchange 11 What does Plc mean? Limited company sold on stock exchangeLimited companyLimited company sold privately 12 What does Agm mean? Annual general meetingAutomatic giving machineAwesome name 13 We can say limited liability ________ . Is only liable for debt equal to initial investmentHas limited useMay turn on leader at moments notice 14 What is incorporation? Shareholders seen as separate from workersShareholders seen as separate from customersShareholders seen as separate from business 15 Whats are shareholders? Owners of businessesOwners of companiesPart of the business 16 A memorandum of association __________ . Shows external considerations for external stakeholdersIs a piece of paperAssociates rights 17 Articles of association ______________ . Mean a cabinet full of filesShow the internal considerations for internal stakeholdersAre details of the associates 18 What is the stock market? A massive wholesalersA 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 manA 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 recievesBenefits a customer recievesBenefits a worker recieves 26 What is social cost? Costs to a businessCosts to societyCosts to the enviroment 27 What is social benefit? Benefits to the governmentBenefits to a businessBenefits to society 28 What is meant by 'location'? Where a business is moving toWhere a business is geographically locatedWhere 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 transportedA limit on the number of goods that can be transportedA limit on the number of goods of a particular type that can't be transported 30 What is tariff? Tax on importsPrice of contractTax on exports A mistake in this Quiz ? Contact the author Commentaires
