Internal/Organic growth:
| this is when a business uses its own resources to expand |
| External growth: | this is when a business joins with or takes over other businesses, which may or may not be in the same industry |
| Amalgamation/Integration: | this is the joining together of two or more firms, into one larger firm. Can be by merger or takeover |
| Vertical amalgamation/integration: | this is where firms in the same industry but at different stages of production amalgamate. This can be forward, eg from primary to secondary or backward eg from secondary to primary |
| Horizontal amalgamation/integration: | this is where firms in the same industry and at the same stage of production amalgamate |
| Lateral amalgamation/integration: | this is where firms in different industries and at the same stage of production amalgamate. They may want to join together because their products are sold in the same outlets |
| Franchising: | this method of growth involves someone buying the right to trade under the name of an established business |
| Mergers: | this is where firms join together to create one larger firm. Often the names of both firms are retained |
| Takeovers: | this is where one firm buys another firm. The firm that is taken over loses its name |
