Business 2.1 0.0 / 5 ? Business StudiesMethods to grow a businessGCSEEdexcel Created by: SumedhaRCreated on: 13-10-19 19:35 Buying in bulk to reduce prices Economies of scale 1 of 13 Acquiring a business operator earlier in the supply chain Vertical Integration 2 of 13 Source of finance Investor 3 of 13 The business finds money in itself Internal Finance 4 of 13 Type of business that can only sell shares to friends and family LTD 5 of 13 When the bank reposses assets if you can't pay the loan back Collateral 6 of 13 Important business objective Survival 7 of 13 Why a business's aims and objectives might change Technology 8 of 13 A tax on imports Tarrif 9 of 13 A business that trades in more than one country Multinational 10 of 13 Selling to overseas market Export 11 of 13 Business pays a seperate company to produce goods for them (an be same country or abroad) Outsourcing 12 of 13 Why a business might offshore Cost saving 13 of 13
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