Loading…
Loading…
GCSE Business · key term
Expansion through developing a business’s own activities, such as launching new products or entering new markets, rather than joining with or buying another business.
Used by Edexcel
Specification 2.1.1 · Paper 2
Revise: Internal and External Business GrowthInternal, or organic, growth means expanding the business’s own activities. External, or inorganic, growth means expanding through a merger or takeover involving another business. The distinction is how expansion happens, not whether the business uses its own money or borrows to pay for it.
Identify the method of growth by what the business does, not where its finance comes from. Borrowing to develop its own new product is still organic growth.
Create a free account to read GCSE Business revision notes for your exam board and track your progress.