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3 Cards in this Set
- Front
- Back
- 3rd side (hint)
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How is growth measured |
Sales turnover Numbers employed Market share Stock market value Value of its assets |
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How do firms grow |
Internal growth(finding new markets) External grow: Horizontal integration Vertical integration Conglomerate |
Direction of growth |
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Why do some firms grow |
Increase market share and power Increase sales Exploit economies of scale (reaching productive efficiency. LRAC =down) Withstand economic downfall Greater profits |
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