Growth & Retrenchment

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Across
  1. 1. Expansion of a business
  2. 6. A firm removes layers of management
  3. 8. Business expansion via takeover or merger
  4. 9. Firms subcontract work to other firms
Down
  1. 2. Expansion from within the business e.g. by enlarging factories
  2. 3. A firm buys more than 50% of another firm's shares
  3. 4. A process by which firms slim down operations
  4. 5. Shareholders of two firms agree to join the firms together
  5. 7. Workers lose their jobs because the firm reduces production