1.7 Expanding A Business Flashcards
1
Q
Internal growth (organic)
A
Selling more of its own products to get bigger
2
Q
External growth
A
Joining together with another business to get bigger
3
Q
Market capitilisation
A
A way that companies measure the value of its shares . Market price X number of shares
4
Q
Franchising
A
Selling the rights of a product. Usually in return for a fee and percentage of turnover
5
Q
Franchisee
A
Buys a Franchise often in return with a fee and percentage of turnover
6
Q
Franchisor
A
Sells a franchise usually with a fee and percentage of turnover
7
Q
E-commerce
A
Act of buying or selling a product using an electronic system
8
Q
Outsourcing
A
Outsourcing occurs when a business uses another business to producefor it
