Alternative Theories Of The Firm

A. cope with unforeseen changes
B. maximize growth.
C. minimize conflict within the firm
D. both options one and three

A. To increase competition
B. To reduce uncertainty
C. To achieve faster growth
D. To achieve economies of scale

A. Owners
B. Customers
C. Employees
D. None of the above

A. horizontal
B. vertical
C. homogeneous
D. conglomerate

A. horizontal
B. vertical
C. conglomerate
D. homogeneous

A. contestable
B. perfectly competitive
C. oligopolistic
D. export-oriented

A. managers need to be paid enough to stop them leaving the company
B. objectives such as profit are not maximized
C. short-run profits are maximized
D. long-run profits are maximized

A. Like other firms in their industry.
B. growth maximisers.
C. leading firms in their industry
D. unlike other firms in their industry

A. Williamson’s
B. classical economic
C. Marxist
D. monetarist

A. common; different parts of the firm
B. common; mangers
C. conflicting; managers
D. conflicting; different parts of the firm