51ºÚÁÏ

Topic: Classifying firms Small firms Growth of Firms Mergers Economies of Scale’ppt’ IGCSE Economics& Bus Studies.
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1. Duplicate the file. Delete the answers to the activities in one file and share to students before or during the class.
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3. Let students work on the activities provided.
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5. Use the activities as you find fit. Project the answers. Let students exchange and mark their own scripts for short and direct responses questions. Mark the detailed responses yourself. Best regards.

Lesson Objectives
At the completion of the lesson, all students should be able to;

Classify firms - In terms of primary/secondary/tertiary sectors and private/public sector, and the relative size of firms. (NB: detailed knowledge of different types of structure of a firm is not required.) Identify and describe small firms - their advantages and disadvantages, the challenges facing small firms and reasons for their existence. Causes and forms of the growth of firms - Internal growth, for example increased market share. External growth, for example mergers. Mergers - Examples, advantages and disadvantages of different types of mergers: horizontal, vertical, and conglomerate. How internal and external economies and diseconomies of scale can affect a firm/industry as the scale of production changesClass Activities, Multiple Choice Questions with Answers.