business size or growth Flashcards
1
Q
how to determine business size?
A
number of employee's number of factories turnover/profit share value capital employed (assets)
2
Q
factors effecting expansion?
A
personal preference
available resources
market size
nature of the product
3
Q
impact on stakeholders advs and disadvs
A
employee's - \+ promotional options and security - lack motivation, may get ignored shareholders - \+ chance for larger dividens - inflexible local community \+ jobs available - pollution suppliers \+security - bullied into terms customers \+ more variety - diseconomies of scale may raise costs.
4
Q
types of business growth
A
organic growth
mergers and aquisitions
takeover
joint venture - two work together for a project, ownership doesnt change.