Business Growth

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  • Created by: warby03
  • Created on: 10-07-19 10:40
Business Growth
gaining power and recognition, reaching aims, objectives and goals
1 of 10
Internal Growth
a business increases sales of it's own products through promotion, expanding stores .ect.
2 of 10
External Growth
joining with other business' (merging) to speed up the growth
3 of 10
Market Share
percentage of total sales in the overall market the business' product has
4 of 10
Econonmies of Scale
reducing cost per unit due to size
5 of 10
4 Types of Economies of scale
Purchasing, Technical, Administration, Financial
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Purchasing
reduces cost per item by buying in bulk
7 of 10
Technical
big businesses buy better machines leading to faster and more reliable prodction
8 of 10
Administration
cost of reception/offices spread over more sales
9 of 10
Financial
big businesses can get cheaper loans and issues shares
10 of 10

Other cards in this set

Card 2

Front

a business increases sales of it's own products through promotion, expanding stores .ect.

Back

Internal Growth

Card 3

Front

joining with other business' (merging) to speed up the growth

Back

Preview of the back of card 3

Card 4

Front

percentage of total sales in the overall market the business' product has

Back

Preview of the back of card 4

Card 5

Front

reducing cost per unit due to size

Back

Preview of the back of card 5
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