Business Growth

Internal growth: A business increases the number of __________ it can use.

• products

• workers

• money

Internal growth: A business develops and produces ____ kinds of products.

• old

• new

• strange

Internal growth: A business finds new _______ for their products.

• location

• customers

• markets

Which type of external growth is this?

When one business buys another business that is further back on the supply chain.

For example, when a business buys one of its suppliers.

• Horizontal integration

• Forward vertical integration

• Backward vertical integration

• Conglomerate integration

Which type of external growth is this?

When one business buys another business in the same industry at the same phase of the supply chain.

• Horizontal integration

• Forward vertical integration

• Backward integration

• Conglomerate integration

Which type of external growth is this?

When one business buys another business in a completely different industry.

• Horizontal integration

• Forward vertical integration

• Backward integration

• Conglomerate integration

Which type of external growth is this?

When one business buys another business that brings it closer to the end user.

• Horizontal integration

• Forward vertical integration

• Backward integration

• Conglomerate integration