1- Business growth definitions Flashcards
1
Q
Organic growth
A
Where firms grow by increasing their output.
2
Q
Vertical integration
A
When a firm merges or takes over another firm in the same industry, but at a different stage of production.
3
Q
Forwards vertical integration
A
Involves acquiring a business further up in the supply chain (towards the consumer of a good).
4
Q
Backwards vertical integration
A
Involves acquiring a business operating earlier in the supply chain.
5
Q
Horizontal integration
A
The merger of firms in the same industry at the same stage of production.
6
Q
Conglomerate integration
A
The merger of firms with no common connection.
