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  •     Benefits of a growing business
  • 1. money      2. more product
  •  Economies of scale
  •     are a major source of competitive advantage for large firms.
  • methods of epansion 
  • A business can grow in size through
  •  Internal growth
  • the business grows by hiring more staff and equipment to increase its output
  •  external growth
  • where a business merges with or takes overanother organisation. Combining two firms increases the scale of operation.
  • where a business leases its idea to franchisees. This allows new branches to open across the country and internationally.
  •  Disadvantages of Expanding
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