Inorganic (external ) expansion 0.0 / 5 ? Business StudiesGrowthGCSEAQA Created by: irena4567Created on: 12-12-15 18:49 Merger The two businesses reach an agreement to join together and operate as one business.Tends to be of mutual benefit to both business. 1 of 6 Takeover One business buys another business .Tends to be more hostile as the buying business is the main one benefit . 2 of 6 backward vertical integration when a firm higher up in the production process joins with a firm lower down in the production process. 3 of 6 forward vertical integration when a firm lower down in the production process joins with a firm higher up in the production process 4 of 6 horizontal integration when 2 competitors at the same stage in the production process join together 5 of 6 conglomerate integration (also known as diversification ) when a firm joins with another firm in completely unrelated business. 6 of 6
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