3. Enterprise, business growth and size

shlokashetty98
Flashcards by shlokashetty98, updated more than 1 year ago
shlokashetty98
Created by shlokashetty98 over 6 years ago
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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 09/29/2013.

Resource summary

Question Answer
Entrepreneur Entrepreneur is a person who organizes, operates and takes the risk for a new business venture.
Business plan A document containing business objectives and details about the operation, finance and owners of the new business.
Capital employed The total value of capital used in the business
Internal growth Occurs when a business expands its existing operations
External Growth or Integration When a business takes over or merges with another business .It is often caked integration as one business is integrated into another one.
Merger When the owners of two businesses agree to join their firms together to form one business.
Takeover or Acquisition When one business buys out the owner of another business which then becomes part of the predator business.
Takeover or Acquisition When one business buys out the owner of another business which then becomes part of the predator business.
Horizontal Integration When one business takes over or meres with another business in the same industry at the same level of production.
Vertical Integration When 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.
Conglomerate Integration or Diversification When one firm takes over another firm in a completely different industry.
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