Business Growth

Emily Cons
Flashcards by , created almost 3 years ago

A2 Microeconomics Flashcards on Business Growth, created by Emily Cons on 01/29/2017.

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Emily Cons
Created by Emily Cons almost 3 years ago
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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.