AQA GCSE Business · 8132
Paper 1, Paper 2
Revise: Methods of Business ExpansionExternal growth combines it with another business through a merger or takeover. A business can use both routes at different times.
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GCSE Business · key term
Expansion by combining with another business through a merger or takeover.
Used by AQA and OCR
Paper 1, Paper 2
Revise: Methods of Business ExpansionExternal growth combines it with another business through a merger or takeover. A business can use both routes at different times.
Paper 1
Revise: External GrowthA business does not have to build every new shop, factory or customer relationship itself. It can expand by combining with another business that already has these resources. This is external growth, achieved through mergers or takeovers.
Treat benefits as possibilities, not guarantees. Consider the purchase cost and difficulties of combining the businesses when judging whether external growth is suitable.
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