Economics 2281 · O Level
Firms
16 practice questions on Firms, with worked solutions and instant marking.
Two firms agree to combine their operations. What must be the outcome?
May/June 2016
A large bakery purchases a flour mill. What type of integration is this?
May/June 2019
A number of book publishers are based in Pakistan, and this group includes multinational companies (MNCs). They hire several categories of specialist employees. Some of these specialists estimate the price elasticity of demand (PED) for the books produced by their firms. There is disagreement over whether certain books ought to be subsidised by the government.
May/June 2019
Which business is most likely to be regarded as a small firm in the tertiary sector?
May/June 2022
Which combination illustrates the advantages that a small firm has compared with a larger firm?
May/June 2024
In 2007, a very large industrial mining company tried to take over another industrial mining company. This bid was unsuccessful. In 2010, the same mining company put forward an offer to acquire a company that sells potash, which is used to improve agricultural soils. How may the mining company’s attempts to buy these other companies be described?
Oct/Nov 2015
How is a multinational company different from other kinds of company?
Oct/Nov 2017
A film production company buys a cinema chain. What is this an example of?
Oct/Nov 2018
A computer chip manufacturer grows by acquiring a computer chip designer. What is this an example of?
Oct/Nov 2018
Which kind of business organisation is always part of the public sector of the economy?
Oct/Nov 2019
The shares of a public limited company are
Oct/Nov 2019
Which organisations are able to provide firms with direct finance for expansion?
Oct/Nov 2019
When small firms are compared with large firms, which statement is true?
Oct/Nov 2022
Which organisations are able to provide finance directly for the expansion of firms?
Oct/Nov 2022
Which organisations are able to provide direct funding for firms’ growth?
Oct/Nov 2022
Rubber is needed in order to make a car tyre. If a car tyre manufacturer combines with a supplier of rubber, what type of merger is this?
Oct/Nov 2025