Business Unit 2

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Flashcards by laurrabarnes, updated more than 1 year ago
laurrabarnes
Created by laurrabarnes over 6 years ago
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AQA GCSE
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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.
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