Sector 3. Enterprise, Business Growth And Size

Question 1

How do you meassure business size? (5)

Answer 1

1. Number of employees- total number of employees in the organization
2. Value of output- total number of products produced in a period of time
3. Value of sales- total amount of sales in a period of time
4. Value of capital employees- total value of capital invested into the business
5. Number of outlets

Question 2

What is internal growth?

Answer 2

Occurs when a business expands its existing operations

Question 3

What is External growth?