Business growth

3. Where one firms buys a majority shareholdings in another in a friendly or hostile manner
5. When a business grows too quickly to support itself financially
6. A reduction in unit costs as a result of buying in large quantities
7. Where two or more firms come together under one management
9. Larger firms can benefit from specialisation of labour at supervisory and manager level
11. The coming together of firms in the same industry, but at different stages of the production process
12. Lower unit costs as a result of more efficient techniques of production

1. 1 + 1 = 3
2. The coming together of firms at the same stage of production and in the same market
4. Cost advantages that result from providing a variety of products rather than specialising in one
8. The cutting back of an organisation's scale of operations
10. Extending premises or building new ones
13. Integrating with another firm through a merger or takeover