Schedule Revision

4. When two businesses join together and operate as one.
5. Ansoff’s strategy of selling an increased number of current products to existing customers.
6. Where bigger companies can use more efficient machinery.
10. A product with a low market share of a low growth market.
13. Integration with a business in a different industry.
14. Michael Porter’s model for assessing the attractiveness of an industry.
16. Expansion from outside the business, e.g. mergers or takeovers.
19. the acronym used for the business model that allows a business to assess its external environment.
21. The joining together of two companies either by merger or takeover.
22. Where bigger companies have access to cheaper source of finance.
23. The joining of similar businesses at the same stage of production.
25. Selling a new product in a new market.
26. Benefits of growth that arise from within the firm.

1. When one business purchases a controlling interest in another.
2. The joining of businesses at different stages of production.
3. Integrating with a business further back in the supply chain.
7. Where a bigger company allows smaller companies to use its name and sell its products.
8. Expansion from within a business, e.g. expanding the number of locations or franchising.
9. A market with a large number of competitors selling a similar product.
11. When a business expands quickly without having the financial resources to support such a quick expansion.
12. Average cost increase as a consequence of growth.
15. Acquiring a business further forward in the supply chain.
17. A business model that allows a business to assess its product portfolio based on market share and market growth.
18. A reduction in average cost as output increases.
20. A product with a high market share of a high growth market.
24. A market with a small number of large competitors.