Sherpa

Existing user?

Business

GCSE · Edexcel

QuestionsFlashcards

2.1 Growing the Business
2.2 Making Marketing Decisions
2.3 Making Operational Decisions
2.4 Making Financial Decisions
- Business Calculations
  6
- Understanding Business Performance
  8
2.5 Making Human Resource Decisions

3.1 The Exam Papers
- Paper 1: Investigating Small Business
  6
- Paper 2: Building a Business
  6
3.2 Business Exam Skills
3.3 Structuring Your Responses

Internal (Organic) Business Growth Flashcards

All 6 cards in this deck

What is internal (organic) growth?: Growth achieved by a business expanding its own operations, e.g. new products or new markets, without merging with or taking over another business.
Name two main methods of internal (organic) growth.: Developing new products (innovation, research and development) and entering new markets.
What is research and development (R&D) in a growing business?: Spending on researching and designing new or improved products before they are launched.
Give three ways a business can reach new markets as internal growth.: Changing the marketing mix, using technology (e.g. e-commerce) and expanding overseas.
How can opening more branches help a fast food business grow internally?: It gives people in other towns and cities the ability to try the product.
True or false? Internal growth is usually slower than external growth.: True. Building new products and markets takes time, whereas a takeover adds capacity instantly.