Expanding the size of a firm by adding another firm through its purchase or other means of merger is Internal Growth.Question 21Select one:TrueFalse

Internal Growth is expanding a firm’s capital and facilities as the market for that firm’s output grows.Question 22Select one:TrueFals

Evaluate the different types of growth a firm can use to expand its operation.

How can economies of scale be achieved post-merger?By diversifying product linesBy entering new marketsBy reducing operational redundanciesBy increasing competition

Which of the following is NOT a common reason for a merger? To achieve economies of scale To achieve faster growth To reduce uncertainty To increase short-run profits

Define external growth of firms