Business Growth And Evolution Vocabulary Quiz

Reviewed by Editorial Team

The ProProfs editorial team is comprised of experienced subject matter experts. They've collectively created over 10,000 quizzes and lessons, serving over 100 million users. Our team includes in-house content moderators and subject matter experts, as well as a global network of rigorously trained contributors. All adhere to our comprehensive editorial guidelines, ensuring the delivery of high-quality content.

Learn about Our Editorial Process

| By 15yamazakik

15yamazakik

Community Contributor

Quizzes Created: 1 | Total Attempts: 386

| Attempts: 386

Questions

Feedback

During the Quiz End of Quiz

Difficulty

Sequential Easy First Hard First

Share on Facebook Share on Twitter Share on Whatsapp Share on Pinterest Share on Email Copy to Clipboard Embed on your website

About This Quiz

Use your knowledge on growth and evolution to answer these vocabulary questions!
By Kanako Y.

2.

Internal growth, where the firm grows using their own resources, is called organic growth.
- True
- False
Correct Answer

A. True

Explanation

Internal growth refers to the expansion of a firm through the utilization of its own resources, such as increasing sales, developing new products, or entering new markets. This type of growth is commonly known as organic growth. Therefore, the statement that internal growth is called organic growth is true.

Rate this question:
3.

External growth, also known as growth is when a firm grows by taking over another firm or merging with another firm.

Correct Answer
inorganic

Explanation
The term "inorganic" is used to describe external growth because it refers to the process of a firm expanding through acquisitions or mergers with other firms, rather than through internal means such as increasing sales or expanding existing operations. Inorganic growth involves the integration of external resources and assets into the firm's existing structure, allowing for rapid expansion and market penetration.

Rate this question:
4.

Merger is when
- Two firms seperate
- One firm buys another
- Two firms become one.
Correct Answer

A. Two firms become one.

Explanation

The correct answer is "two firms become one." In a merger, two separate firms come together and combine their resources, operations, and ownership to form a single entity. This allows them to pool their strengths, expand their market share, increase efficiency, and potentially achieve economies of scale. By merging, the two firms aim to create a stronger and more competitive organization in the market.

Rate this question:
5.

Takeover is when
- One firm buys another firm .
- Two firms become one firm.
- A firm fails
Correct Answer

A. One firm buys another firm .

Explanation

Takeover refers to the acquisition of one firm by another firm. It involves the purchasing of a controlling stake in the target company by the acquiring company, resulting in the acquiring company gaining control over the target company's operations and assets. This process allows the acquiring company to merge the target company into its own operations or operate it as a separate entity under its control. Therefore, the correct answer is "one firm buys another firm."

Rate this question:
6.

A multinational company is a company operating in more than one country.
- True
- False
Correct Answer

A. True

Explanation

A multinational company is a company that operates in more than one country. This means that it has business operations, subsidiaries, or branches in multiple countries. This allows the company to expand its market reach, access new customers, and take advantage of different economies and resources in different countries. Multinational companies often have a global presence and are involved in international trade and investment. Therefore, the given answer, "True," correctly states that a multinational company operates in more than one country.

Rate this question:

2

Quiz Review Timeline (Updated): Mar 21, 2023 +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

Current Version
Mar 21, 2023

Quiz Edited by
ProProfs Editorial Team
Nov 23, 2013

Quiz Created by
15yamazakik

Business Growth And Evolution Vocabulary Quiz

Quiz Preview

Internal growth, where the firm grows using their own resources, is called organic growth.

External growth, also known as growth is when a firm grows by taking over another firm or merging with another firm.

Merger is when

Takeover is when

A multinational company is a company operating in more than one country.