Cambridge IGCSE Economics practice

Paper 2 structured question: Firms

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Paper

Marks

Topic

Firms

Exam-style question

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Paper 2Structured Questions4 marks

Understanding firm growth is crucial for analyzing market dynamics.

Description

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

a
Explain the benefits of internal growth for a firm.
Your answer
Aim for approximately 4 distinct marking points.
[4]

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Paper 2Structured Questions1 marks

Description

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

a
State two types of firm growth.
Your answer
Aim for approximately 1 distinct marking point.
[1]