Identify two methods of internal growth that a business could choose:

The options of internal growth in a company are: - Increase existent production through innovation in technology or investment in new capital - Creation of new productions - Finding new markets such as a different age group or a different country - Growing the customer base through better marketing Any two of the four above can be considered organic (internal) growth of a company

Related Business Studies GCSE answers

All answers ▸

What are the advantages of doing business as a sole trader?


Describe two potential pricing strategies that a firm may adopt when entering a new market (4)


What key stakeholders can directly effect a business?


Zak and Kellie own a successful food catering business called Meals at Work in Lisburn. Zak and Kellie want to grow the business and are thinking about franchising. (g) Evaluate franchising for this business.


We're here to help

contact us iconContact usWhatsapp logoMessage us on Whatsapptelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

© MyTutorWeb Ltd 2013–2024

Terms & Conditions|Privacy Policy