1. What is the name of growth generated through increasing sales?
- Internal growth
- External growth
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2. Which of these are ALL benefits of growth
- Increased employment, new ideas gained, possible diseconomies of scale
- Increased profits, increased market share, new ideas gained
- Increased profit, increased market share, less choice for customers
- No more competition, possible job loss, higher prices to pay
3. Firms look to maximise
4. Why do firms grow?
- To beat other firms
- To help decrease unemployment
- Help to increase profit/brand image
- The government forced them to
5. What is the name of growht generated through a merger or takeover?