logo

Cambridge IGCSE Economics practice

Paper 2 structured question: Firms

Try the question first, then check the answer and practise the same topic again.

Attempt questionFirms revisionRevise the key idea

At a glance

2

Paper

1

Marks

Topic

Firms

Exam-style question

Try this first

Paper 2Structured Questions1 marks

Firm growth strategies are essential for maintaining competitiveness in the market.

Description

Types of Firm Growth

Firms can grow internally by increasing their market share through operational improvements or externally through mergers and acquisitions.

  1. a

    State two types of firm growth.

    Aim for approximately 1 distinct marking point.

    [1]

0 of 1 part answered

Answer every part before opening the mark scheme.

Common mistake

No common mistake is linked to this question yet.

Related flashcards

Flashcard 1 of 6

Press Space to flip, arrows to move

Related practice questions

Question 1 of 5

Choose an answer, get feedback, then move sideways through the set.

0 of 4 attempted

Paper 2 structured question: Firms

Paper 2Structured Questions4 marks

Description

Firm Growth Strategies

Firms can achieve growth through internal strategies like increasing production or through external strategies like mergers.

  1. a

    Explain the benefits of internal growth for a firm.

    Aim for approximately 4 distinct marking points.

    [4]