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Paper 1Short Answer and Data Response1 marks
Business Growth and Size
Description
Business Growth Factors
Businesses may choose to grow for various reasons, including increasing market share and achieving economies of scale. However, challenges such as increased competition and management complexities can arise. Conversely, some businesses remain small due to niche markets or personal preferences of owners.
- a[1]
State one reason why businesses choose to grow.
Aim for approximately 1 distinct marking point.
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