Business Growth

Question	Answer
Backward Vertical Integration	A joining together into one firm of two or more firms where the purchaser mergers with one or more of its suppliers
Conglomerate integration/merger	A joint together into one firm of two or more firms producing UNRELATED products
Demerger	When a firm splits into two or more independent businesses
Divorce of ownership from control	Occurs when the managers and directors of a business are a different group of people from the owners of the business
Forward vertical integration	A joining together into one firm of two or more firms where the supplier mergers with one or more of its buyers
Niche Market	A small segment of a much larger market
Not- for profit organisation	Organisations that do not have making a profit as a goal but use any profit or surplus they generate to support their aims
Organic/ internal growth	A firm increasing its size through investment in capital equipment or an increased labour force
Private Sector Organisations	Organisations that are owned by individuals or companies and not the state.
Public sector organisations	Organisations that are owned and controlled by the state
Synergy	When two or more activities or firms put together can lead to greater outcomes than the sum of the individual parts
Vertical integration/merger	A joining together into one firm of two or more firms at different production stages in the same industry.

Resource summary

	Created by Emily Cons over 7 years ago