Paper 2 · November 2019 · Business Growth and Ownership
What is the term for business growth achieved by merging with, taking over, or acquiring another firm?
Model answer
external growth
Also accepted: external, inorganic growth
Explanation
Growth achieved by combining with another business, whether through merger, takeover or acquisition, is external (or inorganic) growth, as opposed to internal growth achieved by expanding the firm's own operations.
Derived from ZIMSEC Business_studies Paper 2, November 2019, Q2