Aims And Objectives Flashcards
1
Q
4 examples of a Businesses potential aims and objectives
A
- Survival -new business
2.growth-organically or externally - Increase their market share
- Profit maximisation- once it’s reached BEP.
2
Q
ways a business may grow organically
A
from employing more people
from opening more branches
Expanding its product range
3
Q
How may a business grow externally and the types.
A
.Merger - horizontal, forwards vertical, backwards vertical,
.takeover
