Growth of Firms

2. Cost savings from the way large firms purchase inputs
4. Cost savings from the way large firms sell their products
7. A synonym for internal when referring to growth
9. Occurs when two or more firms agree to join to form a new enterprise
10. A synonym for external when referring to growth
12. A firm increases its own size by producing more under its existing structure of management and control
14. Occur when a firm increases production (scale) and its long run average costs per unit rise
15. Occur when a firm increases production and its long run average costs per unit fall
16. Occurs when two or more companies share the cost, responsibility, and profit of a starting a new business/company

1. Cost savings caused by the methods of production used by large firms
3. The cost savings that come from efficiently organizing factor inputs
5. One company buys all, or at least a controlling interest, of the shares in the ownership of another company
6. When two or more firms join together to form a larger enterprise
8. A business in which the owner purchases the right to sell the products or services of another business
11. Cost savings that arise from the way large firms raise money
13. An increase in a company's size, revenue, market share, and/or profitability over time