Explain in brief the three ways in which an organisation can expand ex

1.	Explain in brief the three ways in which an organisation can expand externally.
Answer» The three ways in which an organisation can expand externally are: 1. Franchising: Franchising is an arrangement through which the manufacturer or sole distributor of a trademarked product or service gives exclusive rights of local distribution to independent retailers in return for royalties and conformance to standardized operating procedures, 2. Merger: It is the combining of two firms into a single large firm. 3. Acquisition: Acquisition or takeover is enveloping in itself a range of acquisition transactions by a firm.

Explain in brief the three ways in which an organisation can expand externally.

Answer»

The three ways in which an organisation can expand externally are:

1. Franchising: Franchising is an arrangement through which the manufacturer or sole distributor of a trademarked product or service gives exclusive rights of local distribution to independent retailers in return for royalties and conformance to standardized operating procedures,

2. Merger: It is the combining of two firms into a single large firm.

3. Acquisition: Acquisition or takeover is enveloping in itself a range of acquisition transactions by a firm.

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