NCFE - Business Growth
Presentation
•
Business
•
9th - 11th Grade
•
Medium
C Dyde
Used 10+ times
FREE Resource
4 Slides • 23 Questions
1
Business Growth
NCFE 1/2 Business and Enterprise
2
3
Multiple Choice
Internal growth is also known as
Merger
Sales maximisation
Organic growth
Inorganic growth
4
Multiple Choice
External growth is also known as
Organic growth
Inorganic growth
Merger
Sales maximisation
5
Is business growth that arises from acquisitions or opening new stores rather than an increase in the company's current business
External or Inorganic Growth
Where a business decides to expand its own activities by launching new products and/or entering new markets. Businesses do this in order to improve their chances of increasing their customers, revenues and profits.
Internal or Organic Growth
Achieving Business Growth
6
Multiple Choice
Which of the following is most likely to be a benefit of business growth?
Increased costs
Increased sales
Increased competition
Increased chance of failure
7
Multiple Choice
Which of the following is NOT a method of internal (organic) growth?
Increasing output
Gaining new customers
Developing new products
Merging with / taking over another business
8
Multiple Choice
Dyson started by selling vacuum cleaners...they now sell hand dryers, washing machines, and fans. Which type of business growth is this an example of?
Internal (organic) growth
External growth
9
Multiple Choice
The first Tesco store was built in London. Tesco have since opened stores all accross the UK and in other countries. Which type of business growth is this?
Internal (organic) growth
External growth
10
Multiple Choice
An example of Organic growth is
Merger
Launching new products
Acquisition
Takeover
11
Multiple Select
The possible benefits of growing the business are
Keeping control over decision making
Larger potential profits
Benefit from bulk buying discounts
Security for the future of the business
12
Multiple Select
The disadvantages of Organic growth are
There is little or no risk in growing slowly
This is a very high risk strategy, opening lots of stores or taking on new staff is very risky
Long period between investment and return on investment
Growth may be limited and is dependent on reliability of sales forecasts
13
Multiple Select
Which two are examples of organic growth?
When two businesses agree to join together
When a business expands overseas
When a business acquires a controlling interest in another business
When one business buys another business
When a business launches a new product
14
Open Ended
Slip Slop Ltd plans to sell 100% recyclable, disposable slippers to hotels and spas. Explain ONE advantage and ONE disadvantage of this plan. Recommend to Slip Slop Ltd whether it should go ahead with this expansion. Justify your recommendations
15
16
Multiple Choice
Which of the following is an example of a horizontal merger/takeover?
A chocolate producer buys another chocolate producer
A chocolate producer buys a cocoa farm
A chocolate producer buys a chain of coffee shops
A chocolate producer buys a car producer
17
Match
Match the Key Terms to their definitions
Where a manufacturing company joins with a business in the same industry that the the products it produces
Where a business joins with another business in the same industry and at the same stage of production
Where a manufacturing business joins with another business in the same industry that is responsible for sourcing its raw materials
Where a business joins with another business in a completely different industry
Forward Vertical
Horizontal
Backward Vertical
Conglomerate
Forward Vertical
Horizontal
Backward Vertical
Conglomerate
18
Multiple Choice
Which of the following best describes the term 'diversification'?
To join with a business in the same industry as you
To join with a business that can supply you with raw materials
To join with a business that sells something similar to you
To join with a business in a completely unrelated industry
19
Multiple Choice
When a business merge or take over business in different sector
Horizontal
Vertical
Conglomerate
20
Multiple Choice
Benefit of horizontal merger / take over
less labor cost
cultural differences
economies of scale
less investment
21
Multiple Choice
When Samsung is taking over another mobile phone company
horizontal take over
vertical take over
horizontal merger
vertical merger
22
Multiple Choice
When a milk company and a chocolate company decide to have the operation together
horizontal take over
vertical take over
horizontal merger
vertical merger
23
Multiple Choice
Disadvantages for customers of horizontal merger.
higher profit
more job opportunities
less choice of product
more choice of product
24
Multiple Choice
When a shoe company take over shoe retailers
Vertical forward
Horizontal forward
Vertical backward
Horizontal backward
25
Multiple Choice
Disadvantages of conglomerate
lack of experience
lack of focus
less cost
less job opportunities
26
Multiple Choice
Reasons for failure mergers and takeovers
lack of skills
lack of research and development
different culture
not enough capital
27
Open Ended
Like TWO downing men, Iberia and British Airways (BA) have long seen either other as a potential means of staying afloat. The rate at which the airlines have been sinking at last forced them into each others arms on November 12th 2009, when a merger was agreed.
Using the evidence, explain the type of integration involved in the agreed merger between BA and Iberia
Business Growth
NCFE 1/2 Business and Enterprise
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