Growth (9) Flashcards
1
Q
Sustained growth
A
Increase in both revenues and profits
2
Q
Reasons for growth
A
Economies of scale
Economies of scope
Market leadership
Influence
Growth key customers
Talent acquisition
3
Q
Economies of scope
A
Differentiating to take advantage of distribution channels e.g. using same raw materials to create different products
4
Q
Challenges of growth
MCQPC
A
Managerial capacity
Cash flow management
Quality control
Price stability
Capital constraints
5
Q
Good idea bad bedfellows
A
Various members can cause start up fail not just founders
6
Q
False starts
A
Rushing into product development without validating customer needs
