External growth
What External growth means in Business GCSE, as defined for AQA, OCR.
Definitions of External growth
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Reference: AQA
Growth that involves integration through mergers or takeovers.
Expansion achieved by joining with or taking over another business.
Topics that use External growth
- Expanding a business (AQA GCSE)
- Business growth (OCR GCSE)
Related terms
- Diseconomies of scale
- Economies of scale
- Organic growth
- Takeover
- Fixed Costs
- Franchising
- Horizontal, vertical and conglomerate integration
- Internal (organic) growth
Using External growth in the exam
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