Business growth

3. When two or more firms agree to join together to form a new business.
5. A rise in the price of goods or services over time.
9. An economy of scale where a company receives a discount for buying in bulk.
11. Costs that do not change with output.
14. A diseconomy of scale where workers feel less important as the business grows.
15. The difference between the value of a firms revenue and its total costs.
18. The portion of the profits that a shareholder gets.
19. The act of buying or selling using the internet.
20. Integration with a firm in an unrelated industry.
21. When a business gets bigger by joining with or buying another business.
22. The value of all of a firms shares.
24. When one business buys and takes control of another.
25. Integration with a firm at the same stage of production.
26. An economy of scale where a business becomes more efficient by using technology
27. Anyone interested in what a firm does.

1. When a business uses another business to produce for it.
2. Costs that change with output.
4. The cost of borrowing or reward for saving money.
6. Integration with a firm at more advanced stage of production.
7. The value of one currency in terms of another.
8. growth Growth from opening new shops, e-commerce, franchising or selling in new markets.
10. Integration with a firm at a previous stage of production.
12. The four resources that are used in different ways to create businesses.
13. Where average cost rises as a firm grows.
16. A big business that allows smaller businesses to use its name and sell its products.
17. Where average cost falls as a consequence of business growth.
23. Sales x Selling Price.