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Chapter 3 Definition - Coggle Diagram
Chapter 3 Definition
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Intergration
Horizontal
when a business takeover or merge with another business in the same industry and same stage of production
Vertical
when a business takeover or merge with another business in the same industry but different stage of production
Conglomerate
when a business takeover or merge with another business in a completely different industry (diversification)
Entrepreneur
a person who organises, operates and takes risk for a new business
Business plan
a document containing the business objectives and important details about the operations, finance and owners of the new business
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