Business Growth
- Created by: Rachelle
- Created on: 24-04-13 13:25
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- Size of Business
- Why?
- Investors
- Governments
- Competitors
- Workers
- Banks
- Ways?
- Number of employees
- Not good for capital-intensive firms
- Capital employed
- Not good for labor-intensive firms
- Value of output and sales
- Only if they are in the same industry
- Low output but high sales?
- NOT PROFIT
- Depends on more than size of firm
- Efficiency, skills of managers
- Depends on more than size of firm
- Number of employees
- Why do firms grow?
- Increase status, power, salary
- Increase profits
- Lower average costs
- Increase market share
- Why?
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