Business growth

2. When a business grows too quickly to support itself financially
6. Larger firms can benefit from specialisation of labour at supervisory and manager level
8. The coming together of firms at the same stage of production and in the same market
9. Integrating with another firm through a merger or takeover
12. Lower unit costs as a result of more efficient techniques of production
13. Where one firms buys a majority shareholdings in another in a friendly or hostile manner

1. Cost advantages that result from providing a variety of products rather than specialising in one
3. The coming together of firms in the same industry, but at different stages of the production process
4. A reduction in unit costs as a result of buying in large quantities
5. 1 + 1 = 3
7. Extending premises or building new ones
10. The cutting back of an organisation's scale of operations
11. Where two or more firms come together under one management