assessment 2 - revision Flashcards
1
Q
market share
A
it is the percentage of total sales that a business has in a specified market
2
Q
stakeholder
A
someone who has an interest in a business
3
Q
shareholder
A
own the business. May also work in the business
4
Q
organic growth
A
is concerned with increasing sales of products and services. It is internal, as in it grows by increasing its own size rather than taking over another business
5
Q
growth
A
refers to the business increasing in size/expanding/getting bigger
6
Q
external growth
A
this is growth of a business by takeover or merger
7
Q
merger
A
two or more firms join to create a new business
8
Q
takeover
A
this is when one business buys another business. In a case of a limited company, this means buying more than 50% of shares
