10:57 AUTO © ¬¬ * ▼ 104 45% COALS ACTION Jocelyn H Emmons Yesterday Topic for today: Small firms and Growth of firms Please review the following video and respond to each question in your notebook. This will be discussed next class. All students must complete this for next class. USE THE TEXTBOOK FOR ASSISTANCE ALSO. 1. What are THREE differences between small businesses and large businesses? 2. Define the term 'growth of a business". 2. What is the difference between internal growth and external growth? 3. Which of the following FOUR internal growth methods will you recommend to the business in the video: EXPLAN WHY IN FULL SENTENCES • Opening new branches ⚫ More workers • Product development, market development • New product lines, ⚫ Diversification Franchise/outsourcing • Vertical and horizontal integration • E-commerce 4. Name ONE external growth method you will recommend for the company above. EXPLAIN your reasons. 5. If this business in the video is to expand greater how will the following below be impacted: Organizational Structure Labour Capital Use of Technology Stream 自 20 People Classwork 00

10:57 AUTO © ¬¬ * ▼ 104 45% COALS ACTION Jocelyn H Emmons Yesterday Topic for today: Small firms and Growth of firms Please review the following video and respond to each question in your notebook. This will be discussed next class. All students must complete this for next class. USE THE TEXTBOOK FOR ASSISTANCE ALSO. 1. What are THREE differences between small businesses and large businesses? 2. Define the term 'growth of a business". 2. What is the difference between internal growth and external growth? 3. Which of the following FOUR internal growth methods will you recommend to the business in the video: EXPLAN WHY IN FULL SENTENCES • Opening new branches ⚫ More workers • Product development, market development • New product lines, ⚫ Diversification Franchise/outsourcing • Vertical and horizontal integration • E-commerce 4. Name ONE external growth method you will recommend for the company above. EXPLAIN your reasons. 5. If this business in the video is to expand greater how will the following below be impacted: Organizational Structure Labour Capital Use of Technology Stream 自 20 People Classwork 00

Foundations of Business (MindTap Course List)

6th Edition

ISBN:9781337386920

Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Chapter4: Choosing A Form Of Business Ownership

Section: Chapter Questions

Problem 6DQ

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