internal expansion

• internal expansion is..


  whne a business grows by expanding it’s own activities
• what is internal expansion also named?

  organic growth
• pros of internal growth

  • firms grows slowly - easier to maintain quality and staff skills
  • inexpensive
• methods of organic growth

  • opening new stores`
  • ecommerce
  • outsourcing
• what is outsourcing?


  when a business pays another firm to carry out tasks it could do itself
• how can outsourcing benefit a business?


  tasks might be done more quickly, cheaply and to a higher standard if an outsourcing firm does it.
• how can outsourcing be a con?


  business loses some control over parts of its operations, also a firm they’ve outsourced may not prioritise their work if they’ve got other customers - can lead to a bad reputation if completed to poor standards
• what is franchising?


  is where a company expands by giving other firms the right to sell its products in return for a fee or a percentage of the profits.
• true or false. franchising can be classed as organic growth

  true. although its slightly different as it involves setting up new businesses