LO5 Business Growth

Front

Which of the following is a component of internal growth? Mergers, Developing new products, Joint Ventures, Takeovers

Back

Developing new products

Front

What is an example of external growth?

Back

Mergers

Front

Which of the following is related to efficiencies and costs? Economies of Scale, Geographical Expansion, Joint Ventures, Sensitivities

Back

Economies of Scale

Front

What is a challenge of growth mentioned in the checklist?

Back

Additional Human Resource Requirements

Front

What is internal growth in a business context?

Back

Expanding using its own resources

Front

Which business is known for expanding by offering new products or services? Options: Dyson, McDonald's, Facebook, Red Bull

Back

Dyson

Front

Why do businesses aim to grow internally?

Back

To attract more customers and become more successful

Front

What is one way a business can grow according to the text?

Back

By developing new products

Front

What can developing new products lead to, as mentioned in the text?

Back

Increased revenue and profitability

Front

What is an example given in the text for a company expanding internally?

Back

Apple creating a new product combining iPhone and iPad features