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Test Revision (Growth and Evolution (Internal Growth (organic growth, self…
Test Revision
Growth and Evolution
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Merger
Two firms join to become a new single company. A merger is usually equally beneficial for both parties.
Joint venture
A new, usually temporary firm created by two or more firms to achieve a specific goal.
Strategic alliance
Two or more firms cooperate to achieve common objectives. This is different from joint venture because the companies maintain themselves. There isn't the creation of a new company.
Business Concepts
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Strategy
What, when, where, why and how a business plans their decision and activities.
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