Lesson 2.1.1a
2.1.1a Internal (organic) growth: new products and new markets Quiz: Pearson Edexcel Business, Unit 6
20 questions
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Lesson 2.1.1a, Internal (organic) growth: new products and new markets: 20 multiple choice questions for the Pearson Edexcel GCSE Business (1BS0), Unit 6: Growing the business, written with Revision Ninja.
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The 20 questions
-
What is internal organic business growth?
- Purchasing franchise rights
- Merging with rivals
- Growth from within
- Taking over competitors
-
Which of these is an example of internal business growth?
- Developing new products
- Acquiring a rival firm
- Merging with a supplier
- Buying franchise stores
-
Which method achieves internal growth through a new market?
- Merging with suppliers
- Taking over a competitor
- Expanding overseas
- Buying a rival
-
A business launches a new product line after investing in its own research and development. What type of growth is this?
- External (inorganic) growth
- Merger growth
- Internal (organic) growth
- Takeover growth
-
What term describes creating new products to gain a competitive advantage?
- Retrenchment
- Innovation
- Liquidation
- Outsourcing
-
What can attract new customers and increase sales in existing markets?
- Corporation tax
- Bank liquidation
- Overhead costs
- Marketing mix
-
Selling products overseas using technology for the first time is an example of what?
- Takeover bid
- External growth
- Horizontal integration
- New markets
-
Compared with external growth, what is a key feature of internal growth?
- Slower growth
- Higher risk
- Hostile takeover
- Instant expansion
-
Which is an example of a business growing through new products?
- Launching new range
- Merging with supplier
- Buying a competitor
- Outsourcing production
-
How can a business reach new customers in its home market organically?
- Merging companies
- Acquiring a rival
- Buying a supplier
- Adapting marketing mix
-
What is a major limitation of internal organic growth for a business?
- Slow process
- High takeovers
- Instant mergers
- Immediate synergy
-
Why might a firm choose internal growth over a takeover?
- Eliminates competition instantly
- External funding
- Guarantees monopoly
- Retains control
-
Designing a new ordering app for customers demonstrates which growth method?
- Innovation
- Outsourcing
- Takeover
- Merger
-
What is a likely outcome of investing heavily in research and development?
- Instant redundancy
- Reduced capacity
- Increased sales
- Immediate liquidation
-
Which is an example of internal growth through new markets?
- Taking over supplier
- Buying out rival
- Merging with competitor
- Opening new shop
-
What is a key advantage of internal growth over external growth?
- Shared debt
- Immediate monopoly
- Lower risk
- Faster expansion
-
What defines a 'new market' in the context of internal growth?
- New customer base
- Acquiring suppliers
- Selling shares
- Existing customers only
-
Expanding capacity using a firm's own staff and equipment is known as what?
- Horizontal integration
- Takeover bid
- Organic growth
- External growth
-
Which of these is an example of external business growth?
- Organic growth
- Takeover
- New products
- Opening branches
-
What term describes two businesses voluntarily combining to form a single firm?
- Merger
- Cartel
- Takeover
- Franchise
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