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  • Benefits of a growing business
  • Benefits  of growing your own company is fewer rivals and more influence over market price 
  • Economies of scale
  • Economies of scale means that a business has lower unit costs because of its large size.
  •  Methods ofexpansion
  • There are 3 ways methods  of expansion growth  Internal External growth 
  • Internal growth
  • Internal growth -  the business grows by hiring more staff and equipment to increase its output 
  • External Growth
  • External Growth -  where a business merges with or takes over another organisation. Combining two firms increases the scale of operation.
  • Disadvantages of Expanding
  • There's always the chance that any expansion plans can fail and result in losses rather than profit.
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