Concerned with the internal growth of a business, for example, by increasing its sales., Organic growth, The growth of a business by takeover or merger., External growth, Where two or more businesses agree to join to become one business., Merger, Where a business takes a controlling interest in another business, for example, by buying more than 50% of the shares in it., Takeover, A merger or takeover where the two businesses are involved in a similar operation., Horizontal growth, When a business merges with or takes over another business with which it has no connection., Diversification, When a business merges with, or takes over, a business that supplies it with goods or services., Backward vertical growth, When a business merges with, or takes over, a business that it supplies goods or services to., Forward vertical growth
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1.6 Business growth (Type Answer)
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