BUSINESS UNIT TWO TOPIC ONE

Internal growth
Internal growth is when a business sells more of its own products. This growth is slow but manageable
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External growth
External growth is when a business joins with another business. The size of the business changes suddenly which means there may be problems managing staff and new procedures.
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Selling franchises
When a business sells franchises it sells the right to use the name and product.
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Merger
A merger is when two or more businesses join to make a new business. Any shareholders of each become shareholders in the new business.
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Takeover
A takeover is when one business takes control over another.
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Horizontal integration
Horizontal integration is when a business joins with a business that is at the same stage of the production process. (eg. two food factories)
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Vertical integration
Vertical integration is when a business joins withanother business that is at a different stage of the production process.
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Other cards in this set

Card 2

Front

External growth is when a business joins with another business. The size of the business changes suddenly which means there may be problems managing staff and new procedures.

Back

External growth

Card 3

Front

When a business sells franchises it sells the right to use the name and product.

Back

Preview of the back of card 3

Card 4

Front

A merger is when two or more businesses join to make a new business. Any shareholders of each become shareholders in the new business.

Back

Preview of the back of card 4

Card 5

Front

A takeover is when one business takes control over another.

Back

Preview of the back of card 5
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megan backhouse

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how the heck do i print this off?

megan backhouse

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