Questions from General Economics


Q: What do you understand by the term ‘core competence’ when applied

What do you understand by the term ‘core competence’ when applied to a business? What are the arguments for and against a firm narrowly focusing on its core competencies?

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Q: Explain the two-way relationship between a business’s rate of growth

Explain the two-way relationship between a business’s rate of growth and its profitability

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Q: Distinguish between internal and external growth strategy. Identify a range of

Distinguish between internal and external growth strategy. Identify a range of factors which might determine whether an internal or external strategy is pursued.

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Q: What is meant by the term ‘vertical integration’? Why might

What is meant by the term ‘vertical integration’? Why might a business wish to pursue such a growth strategy?

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Q: A firm can grow by merging with or taking over another firm

A firm can grow by merging with or taking over another firm. Such mergers or takeovers can be of three types: horizontal, vertical or conglomerate. Which of the following is an example of which type o...

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Q: Using the FDI database in the statistics section of the UNCTAD website

Using the FDI database in the statistics section of the UNCTAD website (UNCTADstat) at (http://unctadstat.unctad.org/EN/), find out what has happened to FDI flows over the past five years (a) worldwi...

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Q: What are the advantages and disadvantages to an economy, such as

What are the advantages and disadvantages to an economy, such as the UK, of having a large multinational sector?

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Q: How might a business’s strategy in the domestic and global economy be

How might a business’s strategy in the domestic and global economy be affected by the onset of recession?

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Q: Which of the following are macroeconomic issues, which are microeconomic ones

Which of the following are macroeconomic issues, which are microeconomic ones and which could be either depending on the context? (a) Inflation. (b) Low wages in certain service industries. (c) The ra...

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Q: If reducing costs is so important for many multinationals, why is

If reducing costs is so important for many multinationals, why is it that they tend to locate production not in low-cost developing economies, but in economies within the developed world?

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