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  •  Benefits of a growing business
  • Large firms have more influence over market price. Also there big enough to be price setters.
  • Economic of Scale
  • A major source of competitive advantage for large firms. 
  • Methods of Expansion
  •  This is basically internal (organic) growth ,external growth,and franchising.
  • Internal Growth 
  • The business grows by hiring more staff and equipment to increase its output. 
  • External Growth
  • Disadvantages of Expanding
  •  There's always the chance that any expansion plans can fail and result in losses rather than profit. 
  • Where a business merges or takes over another organisation.
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