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Decks in this class (26)
3.1 BUSINESS GROWTH
Blank 1
1
cards
3.1.1 Sizes and types of firms
Reasons some firms tend to remain...,
The principal agent problem signi...,
Why the separation of ownership a...
6
cards
3.1.2 Business Growth
Growth 1,
Organic growth 2,
Organic growth example 3
23
cards
3.1.3 Demergers
Demergers 1,
Demerger example 2,
Reasons for demergers 4 3
10
cards
3.2 BUSINESS OBJECTIVES
0
cards
3.2.1 Business objectives
Business objectives 1,
Profit maximisation 2,
Revenue maximisation 3
7
cards
3.3 REVENUES, COSTS AND PROFITS
0
cards
3.3.1 Revenue
Revenue 1,
Total revenue tr 2,
Average revenue ar 3
7
cards
3.3.2 Costs
Total cost tc 1,
Total fixed cost tfc 2,
Total variable cost tvc 3
16
cards
3.3.3 Economies and diseconomies of scale
Economies of scale 1,
Diseconomies of scale 2,
Constant returns to scale 3
19
cards
3.3.4 Normal profits, supernormal profits and losses
Profit 1,
Condition for profit maximisation 2,
Normal profit supernormal profit ...
4
cards
3.4 MARKET STRUCTURES
0
cards
3.4.1 Efficiency
Efficiency 1,
Allocative efficiency prices 2,
Productive efficiency costs 3
5
cards
3.4.2 Perfect competition
Perfect competition 1,
Characteristics of perfect compet...,
Infinite buyers and sellers 3
9
cards
3.4.3 Monopolistic competition
Monopolistic competition 1,
Characteristics of monopolistic c...,
Large number of buyers and seller...
9
cards
3.4.4 Oligopoly
Oligopoly 1,
Characteristics of oligopolies 2,
Differentiated products oligopoli...
37
cards
3.4.5 Monopoly
Monopolies 1,
Characteristics of monopoly 2,
Profit maximising equilibrium 3
16
cards
3.4.6 Monopsony
Monopsony 1,
Characteristics of monopsonies 2,
Conditions for monopsonies 3
7
cards
3.4.7 Contestability
Contestability 1,
Characteristics of contestable ma...,
Contestable markets examples 3
10
cards
3.5 LABOUR MARKET
0
cards
3.5.1 Demand for labour
Demand for labour 1,
Derived demand 2,
Factors influencing demand for la...
15
cards
3.5.2 Supply of labour
Supply of labour 1,
Factors influencing supply of lab...,
Wages 3
19
cards
3.5.3 Wage determination in competitive and non-competitive markets
Wage discrimination 1,
Labour market issues 2,
Skills shortages 3
22
cards
3.6 GOVERNMENT INTERVENTION
0
cards
3.6.1 Government intervention
Context cma 1,
Government intervention to contro...,
Govt intervention to control merg...
29
cards
3.6.2 The impact of government intervention
Overall impact of government inte...,
Impact of government intervention...,
Impact of government intervention...
9
cards
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Theme 3 Econ: Business behaviour and the labour market
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