Cambridge AS & A Level Economics
7.7Growth and survival of firms
Growth and survival of firms in Cambridge AS & A Level Economics: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic21 practice questions1 lesson
Learning objectives
What the syllabus expects you to be able to do.
- 7.7.1Explain the reasons for different sizes of firm.
- 7.7.2Explain internal growth: organic growth and diversification.
- 7.7.3Explain external growth by horizontal, vertical and conglomerate integration: methods, reasons and consequences.
- 7.7.4Explain cartels: the conditions for an effective cartel and its consequences.
- 7.7.5Explain the principal-agent problem arising from differing objectives of owners and managers.
Lessons
- Full access
How firms grow: organic growth, mergers and takeovers
50 min
Join to read every lesson, or see what Full access includes.
Sample question
A sample question on this topic. Answer it, check it, then read the worked answer.
Turn Growth and survival of firms into a strength.
Practise with instant marking, see your mastery grow and get a study plan built around your exam date.