Changing the way you learn

Question	Answer
External Growth	Business expansion achieved by means of merging or taking over another business, from either the same or a diferent industry.
Merger	An agreement by shareholders and managers of two businesses to bring both firms together under a common board of directors with shareholders in both businesses owning shares in the newly merged business.
Takeover	When a company buys more than 50% of the shares of another company and becomes the controlling owner of it, a.k.a. acquisition.
Synergy	Literally meaning that "the whole is greater than the sum of parts", so in integration it is often assumed that the new, larger business will be more successful than the two, formerly separate, businesses were.
Horizontal Integration	Integration with firms in the same industry and at the same stage of production.
Verical Integration(1)	Foward integration with a business in the same industry but a customer of the existing business.
Vertical Integration(2)	Backward integration with a business in the same industry but a supplier of the existing business.
Conglomerate Integration	Integration with a business in a different industry.

Size of Business A level

	Created by Aarushi Pandit over 8 years ago