Apex Fit, a regional network of boutique fitness studios, has recently expanded by leasing and opening two brand-new facilities in adjacent cities. The expansion was funded entirely by reinvesting the company's own accumulated cash reserves and was managed internally by its existing leadership team.
Explain why this method of expansion 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.