Explain in brief the three ways in which an organisation can expand externally.
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three ways in which an organisation can expand externally are :
1.franchising : franchising is an arrangement through which the manufacturer or sole distributor of a
trademarked product or service gives exclusive rights of local distribution to independent retailers in return for royalities and conformance to standardized operating producers .
2.merger : it is the combining of two firms into a single large firm .
3.acquisition : acquisition or takeover is enveloping in itself a range of acquisition transactions by a firm .
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