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More cards in this set
Card 6
Front
what occurs when one firm joins together with another firm in a different type of production process
Back
Card 7
Front
what occurs when a businesses unit costs of prduction fall as its output rises and the business expands
Back
Card 8
Front
what occurs when the cost per unit increases as a business expands
Back
Card 9
Front
when two or more firms join together and create another joint business
Back
Card 10
Front
when one firm gains control of another and buys it up
Back
Card 11
Front
what is the value of a firm's sale also known as
Back
Card 12
Front
what do you calculate to find the size of a business
Back
Card 13
Front
where a business leases its idea to franchisees. This allows new branches to open across the country and internationally.
Back
Card 14
Front
The cost advantages of operating on a larger scale, eg buying more cheaply in bulk and reducing unit costs.
Back
Card 15
Front
The amount of something produced.
Back
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