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Business Vocabulary

Business keywords

Created Date 11.05.19
Last Updated 11.05.19
Viewed 12 Times
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  • financial advantage (falling average costs) of producing something in very large quantities.
  • rising average costs when a frim gets too big
  • Occurs when a business expands using its existing operations
  • Occurs when a business relies on third-party organizations for growth. E.g. mergers, franchising and acquisitions.
  • The joining of two or more companies to achieve greater efficiencies of scale and productivity.
  • Is the process of acquiring a company to build on strengths or weaknesses of the acquiring company.
  • A form of external growth that occurs when one company buys a controlling interest in another company.
  • Is an arrangement between two or more separate parties to pool their resources together to form a new legal entity.
  • Are formed when two or more businesses join forces to benefit from growth without any fundamental changes to their own long-term strategies.
  • Refers to an agreement between a business (franchisor) giving the legal tights to other organizations (the franchisee) to sell their products under th
  • The owner of an organization who allows someone to operate under their name.
  • Someone who operates under the franchisor
  • It can be defined as the increased integration of the world's economies.
  • Is an organization that operates and owns/controls production or services in two or more countries.