Unit 5 · Revision notes
Growth — NCFE Business & Enterprise revision notes
Content area 5 covers business growth. You need to understand methods of internal growth — developing new products, updating current products, entering new markets and geographical expansion — and methods of external growth: mergers, takeovers and joint ventures. It also covers economies and diseconomies of scale and the challenges growth brings, including extra physical and human resource requirements, cultural and local sensitivities, and national and international legislation such as import tariffs and quotas.
Content area 5: Business growth
Internal Growth
Internal growth is when a business expands using its own resources. External growth is when a business expands by using another business's resources…
~2 min readExternal Growth
Internal growth is when a business expands using its own resources. External growth is when a business expands by using another business's resources…
~2 min readEfficiencies and Costs of Business Growth
Economies of Scale Economies of Scale refer to the cost savings a business can achieve when it increases its scale of production or operations. When a…
~2 min readChallenges of Growth
Business growth is a goal that most entrepreneurs try to achieve. It is the key to expanding operations, generating higher revenue, and achieving long-term…
~2 min readThe rest of the course
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