2.1 Growing the business - homework

When two businesses of roughly equal size agree to come together to form one big business

• Innovation

• Takeover

• Merger

• Organic growth

Which of the following conditions might make a business change its aims and objectives

• Increases in the minimum wage

• Changing market conditions

• A strike by members of the union

• Entering a new market

Greenpeace, Campaign Against Arms Trade and Corporate Watch are examples of what?

• Public Limited Companies

• Pressure groups

• Trade unions

• Multinational companies

The scientific research and technical development needed to come up with successful new products

• Innovation

• Research and development

• Takeover

• Extension strategy

A business that issues shares by invitation only - usually to family and friends

• Multinational company

• Partnership

• Public limited company

• Private limited company

When a company decides to start trading in a market it hasn't been in before

• Entering markets

• Market share

• Existing markets

• Effective marketing

Listing company shares on the stock market

• Overdraft

• Private limited company

• Sale

• Flotation

Growth from within the business, such as creating and launching successful new products

• Takeover

• Merger

• Inorganic growth

• Organic growth

Bringing a new idea to the market, such as Warburton’s idea of an extra-large crumpet

• Maturity

• Invention

• Innovation

• Extension strategy

Growth by buying other businesses or by merging with a business of roughly the same size

• Inorganic growth

• Organic growth

• Innovation

• Takeover