Business Unit 2

Question	Answer
What does it mean if a business grows externally?	The business grows through joining with another business.
What does it mean if a business grows internally?	The business grows through selling larger quantities of an already existing product.
What does it mean if a business grows by selling franchises?	The business grows through selling your own or other's shares of a franchise.
What are the two ways in which a business can grow externally?	Either through a merger or takeover.
What is happens in a merger?	A merger occurs when two or business join together to form a new business.
What happens in a takeover?	A takeover occurs when a business gains control of another.
What is a takeover also known as?	An acquisition.
What is external growth also known as?	Integration.
What is internal growth also known as?	Organic growth.

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	Created by laurrabarnes over 10 years ago