Growth or firms

HideShow resource information

1. Which of these are ALL costs of growth

  • Internal growth, less choice for customers, possible diseconomies of scale
  • Possible job loss, higher prices to pay, costs alot to merge
  • Possible diseconomies of scale, new business may not need all workers, external growth
  • No more competition, possible job loss, higher prices to pay
1 of 6

Other questions in this quiz

2. Which of these are ALL benefits of growth

  • Increased employment, new ideas gained, possible diseconomies of scale
  • No more competition, possible job loss, higher prices to pay
  • Increased profits, increased market share, new ideas gained
  • Increased profit, increased market share, less choice for customers

3. Firms look to maximise

  • Unemployment
  • Employment
  • Profit
  • Loss

4. What is the name of growht generated through a merger or takeover?

  • External
  • Mark
  • Internal
  • Kaitlin

5. Why do firms grow?

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

Comments

No comments have yet been made

Similar Economics resources:

See all Economics resources »See all Growth of firms resources »