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Advantages of growth
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Gravity
Terms in this set (5)
reduces the risk of failure
business with more branches/products can spread its risk
increase profits
more products or more branches will mean more sales and more profit
avoids takeovers
the bigger the business, the harder and more expensive to takeover
removes competition
bigger businesses can put smaller businesses out of business- increases market share
economies of scale
can benefit form being bigger: bulk buying discounts and finance easier to borrow
THIS SET IS OFTEN IN FOLDERS WITH...
Objectives
7 terms
CSR
5 terms
Capital/Labour Intensive Production
17 terms
Internal growth
5 terms
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