A level business unit 9 AQA Midterm Exam Questions 100% Well Answered.
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Course
A-level BUSINESS
Institution
A-level BUSINESS
Synergy - Answer The idea that the value and performance of two businesses combined will be greater than the sum of the two parts.
Economies of scale - Answer A reduction in costs as a result of an increase in size of an operating unit.
Economies of scope - Answer The average total c...
A level business unit 9 AQA Midterm
Exam Questions 100% Well Answered.
Synergy - Answer The idea that the value and performance of two businesses combined will be greater
than the sum of the two parts.
Economies of scale - Answer A reduction in costs as a result of an increase in size of an operating unit.
Economies of scope - Answer The average total cost of production decreases as a result of increasing
the number of different products produced.
Experience curve - Answer The more you do something, the better you get at it, enabling quicker and
cheaper production.
Retrenchment - Answer Reducing the overall size and diversity of a business' operations.
Organic growth - Answer Expansion of a business from its own internally generated resources.
External growth - Answer Growth achieved through acquisitions.
Diseconomies of scales - Answer Where economies of scale no longer occur and unit cost begin to
increase.
Overtrading - Answer Where a business grows too quickly, undertaking more business than its working
capital can cope with.
Greiner's model of growth - Answer Different phases of a business' growth and provides a framework
to help understand different organisation structures and coordination methods.
Mergers - Answer Where two or more businesses join together by mutual consent.
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