Internal growth and external growth Flashcards
1
Q
What is internal growth?
A
When a business expands on it’s own without loans or relying on other companies
2
Q
Give examples of internal growth
A
opening new shops, e-commerce etc
3
Q
what is external growth
A
When a business expands through merging into a larger business or a takeover (an existing business expands through buying out over half of another business’ shares)
basically using other businesses for support to expand
