expanding a business- topic 1.7

• Business expansion occurs when an enterprise becomes bigger by increasing its output and sales.
• Methods of business expansion: internal growth and external growth
• Internal growth occurs when a business gets bigger by selling more of its products
• External growth occurs when a business gets bigger by joining or buying other businesses.
• Integration is the process by which two or more businesses join together
• Market capitalisation is the total value of all the shares in a company.