1/3/24, 1:50 AM CIE IGCSE Business Studies - Chapter 3: Enterprise, business growth and size | Quizlet Name: Score: 20 Written questions Term 1 of 20 How do you measure the SIZE of a business? FOUR WAYS? Definition 2 of 20 1) larger businesses are difficult to control (possible solution: operate business in small units - DECENTRALISATION) 2) larger business = poor communication (possible solution: smaller units, better IT equipment) 3) expansion is so expensive! Business could now be short of cash! (Possible solution: expand more slowly? Use long-term finance? ) 4) different management styles, different office culture = conflict, resentment (Possible solution: good communication Workers need to feel included, heard) Term 3 of 20 Why is a business plan important? Term 4 of 20 What is the definition of CAPITAL EMPLOYED? https://quizlet.com/318438892/test?answerTermSides=6&promptTermSides=6&questionCount=20&questionTypes=1&showImages=true 1/4 1/3/24, 1:50 AM CIE IGCSE Business Studies - Chapter 3: Enterprise, business growth and size | Quizlet Definition 5 of 20 1) poor MANAGEMENT : lack of experience (especially in new start-ups), bad decisions 2) failure to plan for CHANGE: not responding to changes in technology, new competitors, economic changes 3) poor FINANCIAL management: failure to plan or forecast cash flows 4) OVER-EXPANSION: can lead to management problems, finance problems Term 6 of 20 Why do some owners PREFER to stay small? Term 7 of 20 Why do governments support START-UPS? Term 8 of 20 What is a BUSINESS PLAN? Term 9 of 20 What type of business are most at risk of failing? Term 10 of 20 Is there ONE perfect way to compare size of businesses? https://quizlet.com/318438892/test?answerTermSides=6&promptTermSides=6&questionCount=20&questionTypes=1&showImages=true 2/4 1/3/24, 1:50 AM CIE IGCSE Business Studies - Chapter 3: Enterprise, business growth and size | Quizlet Term 11 of 20 What questions should a BUSINESS PLAN answer? Term 12 of 20 What is the definition of INTERNAL GROWTH? Term 13 of 20 What are FOUR benefits of BACKWARD vertical integration? Term 14 of 20 Another example of VERTICAL INTEGRATION? Term 15 of 20 What are the BENEFITS of being an entrepreneur ? Term 16 of 20 What type of industry suits a small business? Term 17 of 20 Why do owners often want their businesses to GROW? Term 18 of 20 What is the definition of an ENTREPRENEUR? https://quizlet.com/318438892/test?answerTermSides=6&promptTermSides=6&questionCount=20&questionTypes=1&showImages=true 3/4 1/3/24, 1:50 AM CIE IGCSE Business Studies - Chapter 3: Enterprise, business growth and size | Quizlet 19 of 20 Term What sort of people might want to compare SIZES of businesses? Term 20 of 20 What is a VERTICAL MERGER (vertical integration) Privacy Terms https://quizlet.com/318438892/test?answerTermSides=6&promptTermSides=6&questionCount=20&questionTypes=1&showImages=true English (UK) 4/4
