Other questions in this quiz

2. Firms look to maximise

  • Profit
  • Employment
  • Loss
  • Unemployment

3. Which of these are ALL costs of growth

  • Possible diseconomies of scale, new business may not need all workers, external growth
  • Possible job loss, higher prices to pay, costs alot to merge
  • No more competition, possible job loss, higher prices to pay
  • Internal growth, less choice for customers, possible diseconomies of scale

4. What is the name of growth generated through increasing sales?

  • External growth
  • Internal growth
  • Steve
  • Alice

5. Why do firms grow?

  • To beat other firms
  • Help to increase profit/brand image
  • The government forced them to
  • To help decrease unemployment

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