Business Studies
- Created by: 14kumari4079
- Created on: 14-03-18 19:40
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- Expanding a business
- Expansion can be measured in different ways; these are a few of them:
- Sales
- Profits
- Capital invested
- Output
- How many employees the company have.
- Number of outlets or locations
- Value of the business
- Market share
- Businesses will also use organic (internal) and external growth to expand a business.
- Organic growth
- Organic growth: "expansion from within a business by expanding the number and/ or range of products and/ or locations."
- Designing and developing new product ranges.
- e-commerce
- franchising
- new product development.
- production capacity.
- outsourcing
- New skills for employees, address new technology.
- Franchising: when a company expands by giving other firms the right to sell its products.
- External growth.
- Mergers
- Takeovers
- Organic growth
- Expansion can be measured in different ways; these are a few of them:
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