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Diseconomies of scale
Diseconomies of scale occur when a business's average cost per unit increases as its production scale grows.
Economies of scale
Economies of scale occur when a business's average cost per unit decreases as its production scale increases.
External growth
External growth involves collaborating with or acquiring other businesses.
Franchising
Franchising allows a business (the franchisor) to license its brand and business model to independent operators (franchisees).
Internal growth
Internal growth refers to expanding a business through its own resources and capabilities.
Joint venture
A joint venture involves two or more companies creating a new, separate entity to pursue a specific project or goal.
Market share
Market share is the percentage of total sales in a market that is attributed to a particular business.
Niche market
A niche market is a small, specialized segment of a larger market that focuses on specific customer needs, preferences, or interests.
Strategic alliance
A strategic alliance is a partnership between two or more companies to achieve shared objectives without forming a new entity.
Takeover
A takeover occurs when one company acquires another without the target company's consent.