Business IGCSE Definitions to Learn S1Ch03

__________ is the total value of capital used in the business.

__________ occurs when a business expands its existing operations.

is a document containing the business objectives and important details about the operations, finance, and owners of the new business.

__________ is when a business takes over or merges with another business. It is often called integration as one business is integrated into another one.

_________ is when one business buys out the owners of another business, which then becomes part of the ‘predator’ business.

______________ is when the owners of two businesses agree to join their businesses together to make one business.

_____________ is when one business merges with or takes over another one in the same industry at the same stage of production.

__________ is when one business merges with or takes over another one in the same industry but at a different stage of production. It can be forward or backward.

___________ is when one business merges with or takes over a business in a completely different industry. This is also known as Diversification.

identify two things that an entrepreneur might be included in a business plan.

• Financial information

• How to become famous

• Aims and goals of the company.

• Four factors of production