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In economic terms firms can grow internally- this is where a firm increases there productive capacity by increasing their factors of productions, this could be; labour, land, capital or enterprise. This is normally a naturally occurring growth, as a business becomes more successful the demand for their products increases thus it is necessary to increase the productive capacity of the firm in order to supply for this demand thus exploiting all consumer demand and making as much profit as possible.
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Why don't small firms grow bigger?
A lack of resources to expand is usually the answer. Small firms must keep their prices small to compete with the bigger firms and in that price it does not include the money needed for expantion.
Methods you could use to grow externally in a business?
Two methods that can be used to grow externally in a business are as followed: 1. open firms in different locations. 2. export goods to different countries.
How many firms are traded on the FTSE?
There are approximately 1700 firms traded on the FTSE. The number of firms traded changes daily. New firms are added as some firms drop off the exchange.
Are profitable firms necessarily efficient firms?
yes
Why big accounting firms carry out superior audits than small and medium accounting firms?
accounting firms carry out superior audits than small accounting firms
Why big accounting firms carry out superior audits than medium and small accounting firms?
accounting firms carry out superior audits than small accounting firms
What are the top 10 hardest firms in the world?
More information is needed to properly answer this question. The top 10 hardest firms in the world is too broad. Do you mean the hardest firms to get hired by, the hardest firms to work for, the hardest firms to sue?
Identify why firms merge?
· They cannot grow as fast as they want · Efficiency · Need to acquire new product lines · To catch up with or eliminate rivals · To lose its corporate identity
Why do small firms continue to exist despite the issue of competition?
why do small firms continue to exist despite competition from large firms
What are the Appliance repair firms tax consultants law firms and insurance companies are all business firms that are part of the?
Service Sector
What is Auditing practices and methodology of firms?
What is Auditing practices and methodology of firms?"
Do firms operate at optimal scale?
do firms operate at optimal scale
