Edexcel GCSE Business Topic 2.1 Growing the business overview quiz quiz

Launching a new product

Selling more to existing customers

A takeover

Entering a new market organically

They are exactly the same thing and the two words mean the same

A merger always fails in the end, whereas a takeover always succeeds in the end

A takeover is a form of internal organic growth, while a merger is a form of external growth

A merger is two firms agreeing to join; a takeover is one firm buying control of another

Retained profit

A bank loan

Share capital

A stock market flotation

Avoid having to publish any of its accounts to the public

Sell shares to the general public on the stock market

Operate only within one single country and nowhere else

Never be taken over by another business at all

Only because the government directly tells the business that it has to change them

They never change at all once they have first been set by the original owners of the business

In response to market conditions, technology, performance, legislation and internal reasons

Only ever when the country's interest rates happen to fall

Survival

Closing down

Paying more tax

Growth

Exporting to new overseas markets

Losing all of its existing customers

Paying much higher local taxes than before

Being completely unable to use the internet

A group of countries trading freely

A tax placed on imported goods

A type of share

A method of motivation

By ignoring the local customs and languages of each overseas market it sells to

By refusing to sell its products abroad in any other countries

By using e-commerce and adapting its marketing mix to each market

By raising its own home country's interest rates higher

Always reduces a business's sales right down to zero

Removes the business's need to have any customers at all

Is against the law and so is illegal

Usually increases a business's costs in the short term

Forcing it to change its product (for example to sustainable materials) or its promotion

Legally setting the exact prices that the business is allowed to charge to its customers

Choosing which employees the business is allowed to hire and keep on

Paying the business's tax bill to the government on its behalf

Always faster

Cheaper, lower-risk and keeps control

Free of any cost

Guaranteed to make the business a market leader