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Business: Growth

T1

QuestionAnswer
Organic Growth Internal growth using own resources i.e. opening more shops
Merger Two or more businesses agreeing to join together
Takeover One business takes control of another
Horizontal Growth Two businesses in the same production sector joining together
Vertical Growth Two businesses in different production sectors joining together
Organic Growth -Increasing output: selling more products -Gaining new customers: Reduce the price, Open more shops -Developing new products: To target a wider range of customers -Increasing market shares: Selling more than competitors
External Growth -Merger -Takeover
Diversification Two businesses coming together with no connection
Created by: lil.dripz
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