Growth
- Created by: rebecca.verhoven
- Created on: 27-03-16 16:55
View mindmap
- Integration and Growth
- Internal Growth
- This is when a business grows larger from with in by increasing sales, using new technology widening its product range or expanding its market.
- Franchise
- This is when a business grows larger from with in by increasing sales, using new technology widening its product range or expanding its market.
- External Growth
- External Growth is when a business grows by joining other businesses.
- Merger- two businesses agreeing to join together.
- Takeover- one business buying out another.
- Horizontal Integration- The same stage of production
- Backwards vertical Integration- at a previous stage of production
- Forward vertical integration-A later stage of production
- Diversification- In an unrelated area
- Lateral Integration- In a related area
- External Growth is when a business grows by joining other businesses.
- Internal Growth
Comments
No comments have yet been made