Please enable JavaScript.
Coggle requires JavaScript to display documents.
SIGNS OF SUCCESS AND FAILURE - Coggle Diagram
SIGNS OF SUCCESS AND FAILURE
failure
loss of profits
higher employee turnover
bad revies from customers
success
increaced customers
more profits
lower employee turnover
internal growth
expansion
advantage increaced profits.
disadvantage can be costly
increaced sales activity
advantage more customers
disadvnatage can be more work
expand product range
advantage more variety for customers
disadvantage expensive
external growth
takeover
advantage gains resorses
disadvantage expensive
merger
gains resorses
is expensive
factors limiting growth
less sales
lack of profits
difficult economic climate
growth
more profits
advantages
more demand
greater market influence
disadvantages
difficult to communicate
poor staff motivation
sifficult to co ordintae
new stores opening
ethical issues of growth
ethical issues of growth
could cause a decline on high street buissnesses
enviromental damage can be caused
employees should be paid fairly
buissnesses could be buying stock from cuntrys that exploit workers.
prices can be unfair to thhe customer
suppliers could be paid unfairly
economies of scale
economies of scale is the most important benifit of growth
technical economies of scale where machinery is used to produce products
finantial economies of scale making it easier for large buisnesses to get loans with low intrest rates
marketing economies of scale meaning it is the same amount for advertising for a small business as a large buissness
purchasing economies of scale meaning buying in bulk to get discounts from the supplier