Business Growth

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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
    • Why do firms grow?
      • Increase status, power, salary
      • Increase profits
      • Lower average costs
      • Increase market share


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