business unit six

What is Economies Of Scale

name 3 types of ecomonies of scale

what is a stakeholder

CHAIN OF PRODUCTION layout with examples

What is unlimited liability

What are the factors of production?

what does enterprise mean?

what is expansion?

what is market share?

name three reasons for growth and say a benefit and a risk of each

list 5 reasons for growth and explain

4 reasons not to expand

what is internal/organic growth

what is external/inorganic growth

when does a business become a price setter?

what is a merger

Diversify

what is a demerger

what is inputs?

what are redundants?

what is a takeover?

what is an Acquisition?

What is a PLC

what is a royalty?

what is meant by the term overstretched?

what is horizontal integration? give two examples and give three benefits of horizontal integration

state three drawbacks of horizontal integration to the businesses?
give one consumer disadvantage?

what is vertical integration? give three advantages

give disadvantages of vertical integration

Give an example of vertical integration -forwards in the stage of production
-backwards in the stage of production

give 5 internal economies

give three external economies

what is a diseconomies of scale?give an example and explain

what have partnership and sole trader both have?

what is unlimited liability?

what is limited liability?

how do the following raise finance:
sole traders
partners
PLC

give 2 benefits to being PLC and 2 disadvantages.

what is meant by social costs and give three examples

what is a social benefit and give three examples

why set ethical and environmental objectives?

give 2 benefits and
of being ethical in a business

what are the two roles in stock exchange

what is a stock exchange?