Business 2.1

?
  • Created by: SumedhaR
  • Created on: 13-10-19 13:01
What is internal growth?
Internal growth is when a business expands by itself.
1 of 5
Give two examples of internal growth.
1. Introducing new products 2. Entering new markets
2 of 5
What is external growth?
External growth iswhen a business expands by joining with another business.
3 of 5
Give two examples of external growth.
1. Mergers 2. Takeovers
4 of 5
Definition of innovation.
Innovation is the act of creating new products or processs by adapting existing products that are already in the market.
5 of 5

Other cards in this set

Card 2

Front

Give two examples of internal growth.

Back

1. Introducing new products 2. Entering new markets

Card 3

Front

What is external growth?

Back

Preview of the front of card 3

Card 4

Front

Give two examples of external growth.

Back

Preview of the front of card 4

Card 5

Front

Definition of innovation.

Back

Preview of the front of card 5

Comments

No comments have yet been made

Similar Business Studies resources:

See all Business Studies resources »See all Methods to grow a business resources »