Quiz: Why Businesses Grow and Change Size
Cambridge OCR Level 3 Advanced GCE in Business H431
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Building on what you've learned about business structures and markets, let's test your understanding of why businesses grow and change size!
What is one reason businesses aim to grow?
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Which of the following are reasons businesses might grow? (Select all that apply)
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Businesses may grow to achieve {{blank0}}, which means being the biggest or most influential in a market.
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Match the items on the left with their correct pairs on the right
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Which of the following is an example of inorganic growth?
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A business currently has 50% market share. After acquiring a competitor with 20% market share, what is its new market share?
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Match the items on the left with their correct pairs on the right
When businesses grow, they may experience {{blank0}} of scale, meaning their average costs decrease as production increases.
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Which of the following is a benefit of business growth?
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What challenges might businesses face when growing? (Select all that apply)
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