Question 1
What is an example of internal economies of scale?
Question 2
What measure can be used to determine the size of a firm?
Question 3
Why might a small firm decide to remain small?
Question 4
What is a potential disadvantage of internal growth?
Question 5
What is a key characteristic of a sole trader regarding liability?
Question 6
In a partnership, what is the legal status of a 'silent partner'?
Question 7
Which industrial sector focuses on manufacturing and construction?
Question 8
How does a cooperative generally operate in terms of member influence?
Question 9
What differentiates a private limited company from a public limited company?
Question 10
How do external economies of scale affect an entire industry?
Question 11
Which is a disadvantage commonly faced by small firms?
Question 12
What are the primary responsibilities of entrepreneurs in a firm?
Question 13
What represents external diseconomies of scale?
Question 14
Which growth method involves a firm increasing production scale internally?
Question 15
What type of goods are public sector firms typically focused on providing?