2.1 Growing the business 5.0 / 5 based on 2 ratings ? Business StudiesMethods to grow a businessGCSEAQA Created by: IJM22Created on: 24-01-19 18:29 What do businesses aim to do? Increase profits and increase market share 1 of 25 Name a method of growth Organic growth 2 of 25 What organic growth? Growth from within the business eg. selling more products, launch new products, selling to new markets and opening new stores 3 of 25 Name another method of growth Inorganic growth 4 of 25 What is inorganic growth? Buying or merging with another business also called external growth 5 of 25 What is a takeover? When a business buys over 50% of the shares in another business 6 of 25 What is a merger? When the shareholders of two business agree to share ownership and control 7 of 25 What is a share? % in a company 8 of 25 What must a business need to attain to become a PLC? Needs to have at least £500 worth of shares 9 of 25 What happens when a business becomes a plc? They 'float' on the market 10 of 25 What must PLC's must have? 2 directors and a secretary 11 of 25 What is globalisation? Increased intergration of world econmies 12 of 25 What are imports? Buying goods and services overseas. Money ends up overseas. 13 of 25 What are exports? Selling goods or services to countries abroad. Money ends up in the country,leading to more potential customers. 14 of 25 What are market conditions? Refers to changes in the market the business operates in eg. change in competion, economy, tastes. 15 of 25 How can technology change aims and objectives? Advances in technology eg. a manufacturing business who invests in robots. 16 of 25 What is a MNC? A multinational corporation. This means it has different operations in different countries 17 of 25 What are the different types of barriers to trade? Quota, tariffs and embargo 18 of 25 What is a quota? Physical limit on imports 19 of 25 What are tariffs? Tax on imports 20 of 25 What is an embargo? A ban on imports 21 of 25 What is dumping? When countries make excess products and sell abroad at below cost price to drive out competiton 22 of 25 What are trading blocs? A trading agreement between countries 23 of 25 What is the aim of trading blocs? To promote free trade among members 24 of 25 How do businesses compete internationally? By selling online (e-commerce) 25 of 25
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