Business 2.1 0.0 / 5 ? Business StudiesMethods to grow a businessOwnership and controlGCSEEdexcel Created by: SumedhaRCreated 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
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