VeloVolt, an urban electric-bike subscription service, has recently expanded its service area into two adjacent municipalities. This expansion was funded entirely through its accumulated cash reserves and executed by its existing software development and logistics team.
Explain why the recent expansion of VeloVolt can be classified as 'organic growth'.
18 exam-style questions on Edexcel A A Level Economics 3.1 Business growth. Each one has a worked solution and a mark scheme showing where the marks go.