expansion
- Created by: Muskaan Dhaliwal
- Created on: 02-08-19 20:41
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- expansion
- internal expansion
- e-commerce
- sell products via the internet
- cheaper
- potential technical problems
- opening new stores
- low risk
- sales can increase
- extra costs
- outsourcing
- pay another firm to do tasks for the business; cheaper, quicker and of better standard
- e-commerce
- external expansion
- merging
- joins with a competitor; enlarges market share
- joins supplier; controls supply, cost and quality of materials
- taking over
- takes over competitor; enlarges market share
- diversifying
- takeover or merge with a completely unrelated firm
- merging
- organic growth
- franchising
- internal expansion
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