1) What are the benefits of being a sole trader ? a) Easy formation b) Taxation c) All of the above d) Prompt decision e) Easy dissolution 2) What is market share? a) The percentage that a company has in sales in volume and value in a market b) The percentage that a company has of employees against its competitors c) The percentage that a company has in shares, value and employees. d) The percentage that a company has in sales, value and shares 3) Calculate the average cost for a company located in the secondary sector: Outputs: 30, Variable cost: 50,Fixed cost: 75 a) $3,25 b) $2,57 c) $4,17 d) $5,00 4) If a fruit seller company buys a fruit drink producer company, it is an example of: a) Vertical backward integration b) Vertical forward integration c) Horizontal integration d) Takeover 5) What is the alternative term for internal growth? a) Partnership b) Business plan c) Internal integration d) Organic Growth

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