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In Course: GCSE Business (Edexcel): Paper 2 - Building a Business

GCSE Business: 2.1 Growing the business

Covers all content from Topic 2.1 of the Edexcel GCSE Business specification. This includes methods of business growth (internal and external), how and why business aims and objectives change, the impact of globalisation on businesses, and the role of ethics and the environment in business decisions.

A dramatic close-up photograph of a vibrant, healthy young sapling pushing through rich, dark soil, its leaves reaching towards a soft, warm light from above. In the blurred background, a wide, sun-drenched landscape stretches out, symbolizing potential and future expansion, composed for a 3:2 landscape frame.

Management & Tools

Deck Contents

34 Cards
Lesson#1
Welcome to this deck on growing a business. We'll explore the different ways a business can expand, how its goals change over time, and the challenges and opportunities of operating in a global market. We will also look at how acting ethically and considering the environment can shape business decisions.
Lesson#2
A business can grow in two main ways: internally, which is also called organic growth, or externally, which is also called inorganic growth. Internal growth means the business expands by itself, while external growth involves joining with other businesses. Understanding the difference is key for your exam.
Quiz#3
What are the two main methods of business growth?

internal and external

Lesson#4
Let's focus on internal, or organic, growth. This happens when a business expands its own operations to increase sales. It might do this by developing and launching new products, opening new stores or branches, or starting to sell online to reach customers in new markets. This method is often slower but is generally considered less risky than external growth.
Quiz#5
What is the alternative term for internal business growth?

organic growth

Quiz#6
Growing a business by expanding its own operations, such as by opening new stores, is known as what type of growth?

internal growth

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