S3 Business Ed - Growth

Which of the following is the UK fastest growing supermarket right now?

• Asda

• Tesco

• Aldi

• Lidl

Why might a business want to grow?

• More Profit

• Give employees more time off

• To improve the business image

• To sell less products

Why might a business want to grow?

• To gain more competition

• To gain more customers

• To reduce the amount of stores

How can we measure the size of a business?

• The amount of employees they have

• The amount of Facebook reviews they have

• How many Twitter followers they have

• Size of their carpark

How could we measure the size of a Business?

• Charity fundraising

• Quality of their adverts

• Sales revenue

• How much they spend on advertising

Which method of growth carries more risk?

• Internal/Organic

• External/Inorganic

Franchising is a method of ____________ growth

• Internal

• External

Internal/Organic growth is easier to manage and control than External/Inorganic.

• True

• False

Which of the following is NOT Internal/organic growth?

• Opening a new location

• Expanding through internet selling

• Merging with a similar company

• Offering franchises

A merger is...

• A method of Internal growth

• A friendly deal where two businesses join together

• A forced and sometimes hostile deal where one firm buys a share of the other business