Organic and external growth
Organic and external growth
Organic growth occurs when a firm increases its own output or capacity, for example by opening new shops, developing products or selling in new markets. It is usually easier to control because the firm uses systems and a culture it already understands.
Step-by-step lessons covering Edexcel A A Level Economics 3.1 Business growth for A Level Economics. Each lesson works through exam-style questions in Paper 1, Paper 2 and Paper 3 format. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.