Size of Firms
- Created by: Chloe Budd
- Created on: 28-05-14 14:43
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- Why do some firms grow, and some stay small?
- Why do firms grow?
- To increase market share
- To benefit from greater profits
- To increase sales
- To increase economies of scale
- To gain market power
- To satisfy managerial ambitions
- Make the most of an opportunity
- Gain expertise
- Why do some firms stay small?
- Barriers to entry
- Legal barriers
- Marketing barriers
- Pricing barriers
- Technical barriers
- Niche market businesses
- Lack of resources
- Minimum efficient scale
- Lack of motivation
- Avoiding potential buyers
- Tax thresholds
- Barriers to entry
- Why do firms grow?
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