Size of business

1.3

What the syllabus asks of you

Measurements of business size: the appropriateness of different methods of measuring the size of a business
Significance of small businesses: the advantages and disadvantages of being a small business
Significance of small businesses: the strengths and weaknesses of family businesses
Significance of small businesses: the importance of small businesses and their role in the economy
Significance of small businesses: the role of small businesses as part of the industrial structure in some industries
Business growth: why and how a business might grow internally (organic growth)
Business growth: the different types of external growth through merger and takeover: horizontal, vertical (backward and forward), conglomerate diversification, friendly merger, hostile takeover
Business growth: the impact of a merger/takeover on stakeholders
Business growth: why a merger/takeover may or may not achieve objectives
Business growth: the importance of joint ventures and strategic alliances as methods of external growth

Drill this topic

All 10 questions on Size of business, untimed — answer on paper, then mark yourself against the mark scheme.

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10 questions

These are structured questions, answered in working rather than by picking an option, so they are not listed here one by one. The drill above puts each in front of you with its mark scheme to check against.