Business growth Flashcards
1
Q
What is internal growth
A
Organic growth is also known as internal growth. It happens when a business expands its own operations rather than relying on takeovers and mergers.
2
Q
What is external growth?
A
the increase in a company’s sales and profits that is a result of buying other companies or of forming a business relationship with them : External growth is the quickest way for a company to increase its value.
3
Q
What is a merger?
A
When two businesses merge together to create a bigger business.
4
Q
What is a takeover?
A
When one business buys out another business to remove competition and gain publicity.
