Expanding a business 5.0 / 5 based on 1 rating ? Business StudiesMethods to grow a businessGCSEAQA Created by: hannah.reevesCreated on: 19-10-17 09:35 the business grows by hiring more staff and equipment to increase its output. internal growth 1 of 22 where a business merges with or takes over another organisation. Combining two firms increases the scale of operation external growth 2 of 22 when a company measures the value of all its shares market capitalisation 3 of 22 what happens when one firm joins with another firm at the same stage of the same production process horizontal integration 4 of 22 what occurs when one firm joins with another firm at a different stage of the same production process vertical integration 5 of 22 what occurs when one firm joins together with another firm in a different type of production process conglomerate integration 6 of 22 what occurs when a businesses unit costs of prduction fall as its output rises and the business expands economies of scale 7 of 22 what occurs when the cost per unit increases as a business expands diseconomies of scale 8 of 22 when two or more firms join together and create another joint business merger 9 of 22 when one firm gains control of another and buys it up takeover 10 of 22 what is the value of a firm's sale also known as revenue 11 of 22 what do you calculate to find the size of a business assets 12 of 22 where a business leases its idea to franchisees. This allows new branches to open across the country and internationally. franchising 13 of 22 The cost advantages of operating on a larger scale, eg buying more cheaply in bulk and reducing unit costs. economies of sale 14 of 22 The amount of something produced. output 15 of 22 what is it called when one retailer dominates a market? monopoly 16 of 22 What do economies of scale result in? lower unit costs 17 of 22 What is hiring more staff an example of? internal growth 18 of 22 What is spreading overheads over a large level of output an example of? economies of scale 19 of 22 what is a physical product such as a burger called? goods 20 of 22 what are non-physical items such as hairdressing called? services 21 of 22 what are the wants and desires of customers? customer needs 22 of 22
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