Oxford University Press - Online Resource Centres

Gillespie: Foundations of Economics 2e

Unit 16

Instructions

Choose your answer by clicking the radio button next to your choice and then press 'Submit' to get your score.

Question 1

To maximize sales revenue a firm should produce where:

Question 2

To maximize growth without making a loss a firm should produce the highest output where:

Question 3

If one car company takes over another car company this is an example of which type of integration?

Question 4

If a car company takes over a clothes business this is an example of which type of integration?

Question 5

Acquisition and merger are examples of:

Question 6

If firms join together to set prices and quantities this is known as what?

Question 7

In the Ansoff matrix a strategy focusing on new products and new markets is known as:

Question 8

Satisficing occurs when

Question 9

If a business becomes too big through mergers and takeovers it can experience cost problems due to

Question 10

An example of backward vertical integration is: