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
1
15yamazakik
Community Contributor
Quizzes Created: 1 | Total Attempts: 386
| Attempts: 386
Quiz Flashcard
SettingsSettings
Please wait...
  • 1/8 Questions

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

    • True
    • False
Please wait...
About This Quiz

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

Vocabulary Quizzes & Trivia

Quiz Preview

  • 2. 

    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:

  • 3. 

    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:

  • 4. 

    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:

  • 5. 

    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:

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
Back to Top Back to top
Advertisement
×

Wait!
Here's an interesting quiz for you.

We have other quizzes matching your interest.