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Business Unit 2 > Growing Business > Flashcards

Flashcards in Growing Business Deck (10):
1

Advantages of a growing business

Less competition
Rapid growth
More profit

2

Disadvantages of a growing business

Take over might fail
More complex
Expensive

3

What is trade barriers

Government restrictions on international trade

4

What is an environmental objective

The overall aim of a business its sets itself to improve environmental performance

5

Hat is organic/natural growth

The business goes by hiring more staff to increase their output

6

What is diversification

The process of a company in large and varying its range of products

7

What is corporate denomination

A classification for the stated value of financial instruments

8

What is social corpret responsibilities

Contributes to a sustainable development by delivering social economic and environmental benefits for stakeholders

9

What is e-marketing

Marketing products and services online

10

What is e-commerce

The buying and selling goods over the Internet