Organic growth and forecasting Flashcards
(6 cards)
1
Q
Organic growth ao1
A
The expansion of the business by selling more of its products.
2
Q
Advantages of organic growth
A
- less risky
- avoids conflicts
- less loss of control
3
Q
Disadvantages of organic growth
A
- limited potential for growth
- lack of competitiveness because of slack of economies of scale
4
Q
Franchising ao1
A
The legal right to use the brand name, products and business style of an existing business
5
Q
Advantages of franchising
A
- fast growth with low risk
- economies of scale
- increased income from franchise fees
6
Q
A
