CCEA GCSE Business Studies Business Growth quiz

The level of profit the business makes

The number of competitors in the town

The age of the owner

The colour of the logo

A growing national economy

Good management and planning

Low interest rates

Weak competition in the market

Strong customer demand

Excellent cash flow

Poor cash flow and running out of money to pay bills

A motivated workforce

Selling abroad for the first time

Lowering prices to win customers

Closing branches to save money

Expanding too fast without the finance to support it

Growing from within, such as opening new branches

Buying a rival business

Merging with a competitor

Being taken over by a larger firm

Two firms agreeing to join as equals

One business buying another and gaining control

A business opening a new branch

A business launching a new product

Joining with a supplier

Joining with a customer

Joining with a firm at the same stage of the same industry

Joining with a firm in a different industry

Joining with a firm in a completely different industry

Joining with a direct competitor of the same size

Splitting a business into two

Joining with a supplier or a customer in the same industry

Cost advantages of growing larger, so unit cost falls

The taxes a large firm must pay

The loss made when a business closes

The cost of advertising a product

It always lowers unit costs

Diseconomies of scale and weaker communication and control

It removes all competition

It guarantees higher profit

It is always cheaper

It carries no management risk

It is faster, quickly adding customers, products or skills

It never affects company culture

They always increase profit

They make advertising cheaper

They reduce competition

A firm that cannot pay its debts on time may be forced to close

A bakery opening a second branch and selling online

A bakery buying a rival bakery

A bakery merging with a coffee chain

A bakery being taken over by a supermarket

Joining with a supplier in the same industry

Joining with a firm in a completely different industry

Joining with a direct competitor

Joining with a customer in the same industry