Flashcards
3. Enterprise, business growth and size
Cards in this deck (11)
- 1EntrepreneurEntrepreneur is a person who organizes, operates and takes the risk for a new business venture.
- 2Business planA document containing business objectives and details about the operation, finance and owners of the new business.
- 3Capital employedThe total value of capital used in the business
- 4Internal growthOccurs when a business expands its existing operations
- 5External Growth or IntegrationWhen a business takes over or merges with another business .It is often caked integration as one business is integrated into another one.
- 6MergerWhen the owners of two businesses agree to join their firms together to form one business.
- 7Takeover or AcquisitionWhen one business buys out the owner of another business which then becomes part of the predator business.
- 8Takeover or AcquisitionWhen one business buys out the owner of another business which then becomes part of the predator business.
- 9Horizontal IntegrationWhen one business takes over or meres with another business in the same industry at the same level of production.
- 10Vertical IntegrationWhen a business merges with or takes over another business in the same industry but at a different level of production. Vertical integration can be forward or backward.
- 11Conglomerate Integration or DiversificationWhen one firm takes over another firm in a completely different industry.
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- Cambridge IGCSE Business (3. Enterprise, business growth and size) Flashcards on 3. Enterprise, business growth and size, created by shlokashetty98 on 29/09/2013.
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- shlokashetty98
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