Bm 16 Growth And Evolution Jeopardy Template

Merits of small and large firms	Internal and External Growth	Economies and Diseconomies of scales	Globalisation	Wildcard
100 True True or false, larger business are able to benefit from economies of scale.	100 True True or false, internal growth is the expansion of a business by opening new branches, shops or factories.	100 True True of false, an economy of scale is a reduction in a firm’s unit costs of production that results from an increase in the scale or operations.	100 True True of false, globalisation is the growing integration of countries through increased freedom of global movement of goods, capital and people.	100 1993 In what year did Starbucks team up with Barnes and Noble in a joint venture?
200 Harder to manage, communication and decision making would be much more difficult, conflicting goals List two disadvantage of being a larger firm.	200 Takeover or acquisition What is it called when when a company buys over 50% of the shares of another company and becomes the controlling owner?	200 Bulk-buying economies What is a purchasing economy known as?	200 Wider choice of products, increased rate of industrialisation, low prices and high quality, comparative advantage, and increased living standard Name one benefit / impact of globalisation	200 5 How many pictures of Coca-cola did we include in our presentation?
300 Shareholders are owners and the board of control are the ones in control. What’s the difference between shareholders and the board of control?	300 Horizontal integration, forward vertical integration, backward vertical integration, conglomerate integration (2 out of 4) Can you list 2 out of the four types of integration?	300 Communication problems, alienation of the workforce, poor coordination and slow decision making List two factors that increase unit costs at a firm’s scale of operation.	300 A business organization whose activities are located in more than two countries or They produce goods and services in more than one country What are multinational companies?	300 Rilakkuma and Sumikko Gurashi What are the names of the two fictional characters that we included in our presentation?
400 They do not need to produce large amounts of products for consumers, as they have a smaller market share. Why are smaller firms unlikely to benefit from economies of scale?	400 Name, logo and trading systems List the three things that franchises use from the original business.	400 Managerial economies occur when large firms can afford a specialist. As a firm expands more, they can afford to attract a specialist functional manager who has the ability to operate more efficiently than general managers, which benefits the company to reduce average costs. What is managerial economies of scale? How do these economies decrease unit cost?	400 To operate closer to target international markets, gaining access to lower cost of production, avoid import restrictions, and access to local natural resources. List two reasons for a company to become multinational.	400 4 How many times did a picture of Jenny show up on the presentation?
500 Due to the purchase of economies decreasing their unit cost. Why are larger business able to benefit from economies of scale?	500 Reasons: Costs and risks of a new business venture are shared, different companies might have different strengths and fit well together, and having major markets in different countries. Risks: Styles of management are different - teams do not blend well together, blaming each other, the business failure of one of the partners would put the whole project at risk. What is one reason and one risk of joint ventures?	500 no specific answer Give examples of the following economies; technical economies, marketing economies, and diseconomies of scales.	500 Benefits: Increase of employment rate, locals firms would need to improve their production quality, GDP increase due to the increase of the total output, boost of tax revenue for government, locals are able to develop their skills and talent helping them reach a higher position. Disadvantages: Reduction of cultural identity, higher levels of pollution, multinational companies might advantage of the loose employment rules and employ cheap labour for long hours, and extensive depletion (reduction in number or quantity) of the limited natural resources. Explain two benefits and two disadvantages to your country resulting from the operations of a well-known multinational company.	500 50 How many slides do we have in total?

BM 1.6 Growth and Evolution

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