Business Unit 2

Question	Answer
What does it mean if a business grows externally?	The business grows through joining with another business.
What does it mean if a business grows internally?	The business grows through selling larger quantities of an already existing product.
What does it mean if a business grows by selling franchises?	The business grows through selling your own or other's shares of a franchise.
What are the two ways in which a business can grow externally?	Either through a merger or takeover.
What is happens in a merger?	A merger occurs when two or business join together to form a new business.
What happens in a takeover?	A takeover occurs when a business gains control of another.
What is a takeover also known as?	An acquisition.
What is external growth also known as?	Integration.
What is internal growth also known as?	Organic growth.

Resource summary

	Created by laurrabarnes over 12 years ago