-benefit from economies of sale, -able to provide more goods/ services, -benefit from larger market share, -gain more recognition, customers, venue and profit
1 of 11
Define "organic growth" and give an example of how this is achieved:
1. when a business grows on its own, 2. changing the marketing mix by: -taking existing products to new markets ie overseas, -developing new products via development & research, new tech and innovation, -becoming a public limited company
2 of 11
Name the advantage of organic growth:
-a business can maintain its own values without interference
3 of 11
Name the disadvantage to organic growth:
-slower growth
4 of 11
Define inorganic growth and give an example of how this is achieved:
1.-when a business combines with another business to grow, 2. -through a merger (when 2 businesses join together), -through a takeover (when one business buys a smaller business)
Explain the difference between organic and inorganic growth:
Organic is when a business grows on its own whereas inorganic is where a business combines with another business to grow
10 of 11
Define "stock market flotation":
-when a business becomes a public limited company by offering shares to the public to buy
11 of 11
Other cards in this set
Card 2
Front
Define "organic growth" and give an example of how this is achieved:
Back
1. when a business grows on its own, 2. changing the marketing mix by: -taking existing products to new markets ie overseas, -developing new products via development & research, new tech and innovation, -becoming a public limited company
Card 3
Front
Name the advantage of organic growth:
Back
Card 4
Front
Name the disadvantage to organic growth:
Back
Card 5
Front
Define inorganic growth and give an example of how this is achieved:
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