Business Studies - AQA - GCSE - Business Expansion

Descrição

GCSE Business studies Mapa Mental sobre Business Studies - AQA - GCSE - Business Expansion, criado por Josh Anderson em 03-02-2016.
Josh Anderson
Mapa Mental por Josh Anderson, atualizado more than 1 year ago
Josh Anderson
Criado por Josh Anderson quase 9 anos atrás
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Resumo de Recurso

Business Studies - AQA - GCSE - Business Expansion
  1. Internal Growth
    1. Advantages
      1. More manageable
      2. Disadvantages
        1. Slower
      3. External Growth
        1. Merger
          1. When two businesses join together
          2. Takeover
            1. When a (usually larger) business buys out a (usually smaller) business
            2. Disadvantages
              1. Less manageable
                1. Costs
                2. Advantages
                  1. Quicker
                    1. Already set up
                  2. Reasons for Expansion
                    1. Market Share
                      1. New Market
                        1. Profits
                        2. Difficulties when Expanding
                          1. Costs and Risks
                            1. Personal Services
                              1. Increased Workload
                                1. Control
                                2. Integration
                                  1. Backwards integration
                                    1. When a business buys a previous stage of the production process e.g. Food factory ---> Farm
                                    2. Forwards integration
                                      1. When a business buys a previous stage of the production process e.g. Food factory ---> Retail
                                      2. Conglomerate integration (Diversification)
                                        1. When a business expands into a different production process e.g. Food retail ---> Travel
                                        2. Advantages
                                          1. Share ideas/experience/resources/skills/status
                                            1. Spreads risk
                                              1. More opportunity to make a profit
                                                1. Guarantees quality for other areas (Backwards and Forwards integration)
                                                  1. Widens target market
                                                    1. Removes cost of third parties - Only pay what is needed (Backwards and forwards integration)
                                                      1. Increase market share
                                                        1. Allows economies of scale - Buying larger quantities for a lower unit price.
                                                        2. Disadvantages
                                                          1. Possible conflicting ideas/lack of control
                                                            1. Possible lack of expertise
                                                              1. Unemployment - Redundancies
                                                                1. Increased workload
                                                                  1. Short term expenses
                                                                    1. Diseconomies of scale - Paying workers that aren't working efficiently

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