Enterprise & Business Growth (Cambridge (CIE) IGCSE Business)

Explain how two external stakeholder groups might be affected by the take over.

Explain two reasons why PPE may remain small.

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Do you think economies of scale are the most important reason for taking over another business? Justify your answer.

Do you think a successful entrepreneur has to be a good manager? Justify your answer.

Do you think the number of employees is the best way to measure the size of a tertiary sector business? Justify your answer.

Explain two ways SSM can grow.

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Explain two ways TT could grow.

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Do you think being a risk-taker is a more important characteristic of a successful entrepreneur than being creative? Justify your answer.

Explain four reasons why governments might support business start-ups.

Explain two reasons why the owners of CC might want to expand the business.

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Explain two diseconomies of scale CC might experience as it expands.

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Explain four characteristics needed for an entrepreneur to be successful.

Explain two reasons why a business might remain small. Which reason is likely to be most important? Justify your answer.

Explain two possible reasons why VP wants to expand.

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Explain two reasons (other than lack of finance) why Desmond’s new business might be at greater risk of failure than an established business.

Do you think the government should help private sector businesses? Justify your answer.

Explain two possible reasons why Bethany wants the business to remain small.

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Do you think being creative is the most important characteristic of being a successful entrepreneur? Justify your answer.

Explain two reasons why CC is at a greater risk of failing than an established business.

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Consider the following three problems for FO as it grows through takeovers.

• More difficult to control the business

• Lack of finance

• Clash of business cultures

Which problem will be the easiest for FO to overcome? Justify your answer.

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Consider the benefits to Yasin of the following sections of his business plan:

• Market research

• Resources

Which section do you think helped him most when starting up his business? Justify your answer.

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Consider the benefits and limitations of the following two ways VP can enter a new market in another country.

• Joint venture

• Franchising

Which way should VP choose? Justify your answer.

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Consider how TT might benefit from the following three economies of scale as it continues to grow.

• Purchasing

• Technical

• Financial

Which is likely to have the greatest effect on TT’s profit? Justify your answer.

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