3.2.1 Growth Flashcards
1
Q
Where can growth occur?
A
Can occur both within and outside a business?
2
Q
Why does a business grow?
A
-increase profit
-achieve economies of scale
-increased market power
-increased market share
-increased profitability
3
Q
What are the issues that are associated with growth?
A
-diseconomies of scale
-poor internal communication
-poor employee motivation
-poor managerial coordination
-overtrading
