Business Growth Concepts

Front

Business growth can occur internally by expanding activities such as opening more outlets and selling more.

Back

Internal business growth involves expanding activities like opening more outlets and selling more products.

Front

External growth is quicker but more expensive and riskier.

Back

External growth is faster but comes with higher costs and risks.

Front

Mergers and takeovers can occur between competitors, suppliers, or unrelated businesses.

Back

Mergers and takeovers may involve competitors, suppliers, or unrelated businesses.

Front

A business may finance growth by becoming a PLC and selling shares on the stock exchange.

Back

Becoming a PLC and selling shares is a way to finance business growth.

Front

Franchising allows entrepreneurs to use a business's name to open outlets.

Back

Franchising involves letting entrepreneurs use a business's name to open outlets.

Front

Larger firms benefit from economies of scale, reducing unit costs.

Back

Economies of scale help larger firms reduce their unit costs.

Front

Changing market conditions can lead to changes in business aims.

Back

Business aims may change due to shifts in market conditions.

Front

The rise of e-commerce has led businesses to introduce online sales and self-service tills.

Back

E-commerce growth has prompted businesses to adopt online sales and self-service options.

Front

New laws can affect costs, requiring businesses to change their aims.

Back

Legislation changes can impact costs, necessitating changes in business aims.

Front

Internal reasons like a new CEO can affect a business's direction.

Back

A new CEO can influence the direction and aims of a business.