3. Enterprise, business growth and size

Question	Answer
Entrepreneur	Entrepreneur is a person who organizes, operates and takes the risk for a new business venture.
Business plan	A document containing business objectives and details about the operation, finance and owners of the new business.
Capital employed	The total value of capital used in the business
Internal growth	Occurs when a business expands its existing operations
External Growth or Integration	When a business takes over or merges with another business .It is often caked integration as one business is integrated into another one.
Merger	When the owners of two businesses agree to join their firms together to form one business.
Takeover or Acquisition	When one business buys out the owner of another business which then becomes part of the predator business.
Takeover or Acquisition	When one business buys out the owner of another business which then becomes part of the predator business.
Horizontal Integration	When one business takes over or meres with another business in the same industry at the same level of production.
Vertical Integration	When a business merges with or takes over another business in the same industry but at a different level of production. Vertical integration can be forward or backward.
Conglomerate Integration or Diversification	When one firm takes over another firm in a completely different industry.

Resource summary

	Created by shlokashetty98 about 9 years ago

	Copied by orphelie30 about 9 years ago