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2.1 Growing the business

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Question 6
80%

A furniture manufacturer begins selling its existing products in South Korea. Which method of internal growth is being used?

[1]
A

Entering a new market

B

Taking over a local supplier

C

Merging with an overseas retailer

D

Converting into a public limited company

Markscheme

2.1 Growing the business Questions

  1. GCSE
  2. /Business
  3. /2.1 Growing the business

37 exam-style questions on Edexcel GCSE Business 2.1 Growing the business, covering 2.1.1a Internal (organic) growth, 2.1.1b External (inorganic) growth, 2.1.1c Ownership for growing businesses, 2.1.1d Finance for growing and established businesses, 2.1.2a Why aims and objectives change, 2.1.2b How aims and objectives change, 2.1.3a The impact of globalisation on businesses, 2.1.3b Barriers to international trade, 2.1.3c How businesses compete internationally, 2.1.4a Ethical and environmental considerations, and 2.1.4b Pressure group activity and the marketing mix. Each one has a worked solution and a mark scheme showing where the marks go.

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