Edexcel A Level · 9EC0 · Theme 3: Business behaviour and the labour market
3.1.1 Sizes and types of firms
Everything you need for questions on sizes and types of firms, in the words examiners reward. An interactive seven-step lesson goes with it.
What's on this sheet
- Why do firms grow?
- Why do many firms stay small?
- Principal–agent problem
- Types of organisation
- Measuring size
- Classic question: should firms always aim to grow?
- Side 2: practice tasks, where the marks go, and exam-style questions
- Separate answer key
The lesson in seven steps
- Read the business
- Which sector? Which aim?
- Who's running this firm?
- Measuring firm size
- Size and control
- Build the chain
- Exam practice
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