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Questions and Answers
What is the purpose of diversifying a company's products?
What is the purpose of diversifying a company's products?
What is the term for a company that owns or controls several smaller businesses selling different products or services?
What is the term for a company that owns or controls several smaller businesses selling different products or services?
What is the benefit of synergy in a company?
What is the benefit of synergy in a company?
What is the term for the total value of a company on the stock exchange?
What is the term for the total value of a company on the stock exchange?
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What is the term for a company that is owned by a larger parent company?
What is the term for a company that is owned by a larger parent company?
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What is the term for the acquisition of a key component of a company's supply chain?
What is the term for the acquisition of a key component of a company's supply chain?
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Study Notes
Business Terminology
- Diversify: to become more varied or different, e.g., by selling different products
- Retail outlets: places where goods are sold, including shops, stores, kiosks, and markets
Company Ownership
- Controlling interest: a sufficient number of stocks in a company to decide what to do at an Annual General Meeting
- Listed companies: public companies whose stocks are traded on a stock exchange
- Conglomerates: companies that own or control several smaller businesses selling very different products or services
- Subsidiaries: companies that are owned by a larger parent company
Financial Concepts
- Fees: amounts of money paid for services
- Market capitalization: the total value of a company on the stock exchange (the price of all its stocks)
- Pension fund: a sum of money reserved to pay a company's retired employees
Business Strategies
- Synergy: the combined power or value of a group of things working together, which is greater than the total power or value achieved when each is working separately
- Horizontal integration: when one firm acquires another firm operating in the same industry or producing the same line of products
- Vertical integration: involves the acquisition of a key component of a company's supply chain, either upstream or downstream from its own core competency
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Description
Test your knowledge of business terms and concepts, including retail, finance, and company structures.
