Business Growth Key Terms

Edit Answers
12345678910111213
Across
  1. 5. (Two words) When a firm is bought out against the wishes of the board of directors.
  2. 6. (Two words) The tax paid by incorporated firms on its profits.
  3. 9. (Three words) When average costs of production rise due to a firm being too big.
  4. 10. (Four words) The government department in the UK responsible for monitoring mergers and takeovers.
  5. 11. (Two words) When two or more firms from unrelated industries join together.
  6. 13. (Two words) When a firm grows from within, without merging or being taken over.
Down
  1. 1. (Two words) The market share of the biggest firms in a market added together.
  2. 2. (Two words) When a firm further down the supply chain merges with one further up (e.g. Tertiary to secondary)
  3. 3. (Two words) When a firm joins with one in front of it in the supply chain.
  4. 4. (Two words) The proportion of a market supplied by one firm.
  5. 7. (One word) 1+1 = 3 The advantages of two firms joining that cannot be gained if they operate separately.
  6. 8. (Two words) When a firm joins with another at the same stage of the production process.
  7. 12. (Three words) When average costs of production fall as a firm grows in size.