Question

Explain in brief the three ways in which an organisation can expand externally.

Answer 1

Explanation:

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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