the growth of businesses
- Created by: Christina Harris
- Created on: 16-04-13 17:04
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- business size
- business growth
- internal expansion
- increased advertising
- increased sales
- use of retained profit
- bank loan
- increase in output
- increase of efficiency
- increased competitiveness
- this occurs when a business expands its existing operations
- external acquisition
- mergers
- this is when the owners of two businesses agree to join together to make one business
- takeovers
- this is when one business buys out the owners of another business which then becomes part of the 'predator' business
- horizontal integration
- this is when one firm merges with or takes over another one in the same industry at the same stage of production
- vertical integration
- forward
- this is when one firm merges with or takes over another one in the same industry but at the next stage of production
- backward
- this is when one firm merges with or takes over another one in the same industry but at a previous stage of production
- forward
- conglomerate integration
- this is when one firm merges with or takes over a firm in a completely different industry
- mergers
- internal expansion
- reasons for staying small
- the type of industry the business operates in
- the market size
- the owners' objectives
- business growth
- the market size
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