2021 paper 1 Flashcards
1
Q
what are diseconomies of scale?
A
it is when the average cost per unit rises as a company’s production increases
2
Q
what is a flat organizational structure?
A
it is when there are few levels of management between employees and the top leaders
3
Q
what is the Boston matrix?
A
it is a tool businesses use to analyze their product portfolio and make decisions based on them
4
Q
what does it mean if a product has a high market share?
A
it means that the product is selling well compared to its competitors
5
Q
how does the Boston matrix look?
A
star question mark
cash cow dog
