Learning objective

Examine the reasons and types of firm growth, including internal growth such as gaining market share and external growth like mergers.

Read the explanation, check the common trap, then practise with flashcards and questions.

Exam focus

Cambridge IGCSE EconomicsSubject content

Study support

Understand this objective

Quick explanation

This point belongs to Firms, especially Firms outcomes.
You need to be able to examine the reasons and types of firm growth, including internal growth such as gaining market share and external growth like mergers.
The key ideas to know are Analyse, Explain, and Discuss.
Use the linked flashcards and practice questions to check recall, then practise applying the idea in an exam-style answer.

Key concepts

AnalyseExplainDiscuss

Why it matters

This objective helps connect Firms outcomes to exam-style questions, flashcards, and revision notes for Firms.

Revision tools

Flashcards10 linked cards

Flashcard 1 of 10

Press Space to flip, arrows to move

Practice Questions7 linked questions

Question 1 of 7

Choose an answer, get feedback, then move sideways through the set.

0 of 5 attempted

Paper 2Structured Questions1 marks

Description

Firms can grow internally by increasing their market share through operational improvements or externally through mergers and acquisitions.

a
State two types of firm growth.
Your answer
Aim for approximately 1 distinct marking point.
[1]

Revision notestopic notes

Open the full topic revision notes when you are ready to review this objective in context.

Revision hubs