H1.4 - Growth

Growth of a business from its own resources is known as _____ growth

Two firms agreeing to join is known as a ______

When one firm decides to buy another firm, this is known as a _______

A firm bought over unwillingly is known as a _____ takeover

When firms in the same sector of industry producing the same type of product/service join together, this is known as ______ integration

When a firm takes over a business in an earlier stage of production, such as a supplier, this is known as ______ vertical integration

When a firm takes over a business in a later stage of production. such as a retailer, this is known as ______ vertical integration

When a firm decides to merge with or takeover a business in an unrelated market, this is known as ______ integration.

When a business acquires/merges with a business in the same industry but does not provide the exact same product, this is known as _____ integration. An example would be when Apple purchased Beats by Dre.

This is when an organisation contracts out some of their business procedures (e.g. catering, admin, etc.)