What's it: Business expansion is the attempt of a company to grow the size of its business. It aims to increase the scale of operations. Thus, the
What's it: Diseconomies of scale are the economic disadvantages when a firm increases its production. Instead of lowering average costs, increasing
What it is: Economies of scale are the cost savings when a company increases its production scale. An increase in output allows the firm to reap
What's it: Economies of scope is a reduction in the unit cost of production when companies produce two or more products using the same production
What it is: External growth refers to the expansion of business by relying on the synergy of internal and external resources and capabilities.
What it is: Business growth is part of a management target. By growing, companies can make more money for their shareholders. Growth is also
What's it: Business size is about how big the company's operations are. It can be measured by several indicators, including assets, revenue,