organic growth

Cards (8)

  • Organic growth

    Internal growth
  • Methods of organic growth
    • Franchise
    • E-commerce
    • Outsourcing
    • Opening new stores
  • Franchise
    • allowing other companies to use your name, logo and products in exchange for a share of the revenue eg. McDonalds
    1. e-commerce
    • when a business sets up their website to sell their product but also sell their product in store eg. JD
  • Outsourcing
    • paying another company to do the some of the work for you eg. Producing its products
  • Opening new stores
    • Attracts more interest to the business and gains more customers and potential investors
  • Economies of scale
    • Trying to grow a business but still trying to save money at the same time
    • The benefits of growing a business
  • Diseconomies of scale
    • The costs that increase when expanding your business, for example, employees and bills
    • The drawbacks of growing a business