Methods of expansion
Expansion: When a business grows it expands.
Merger: Two businesses that join together to make one.
Takeover: When one business takes over another one.
Franchising: Grants the right to use products and name, needs a franchise agreement.
Pros of merger/ take over: more ideas, more money, more customers.
cons of merger/ takeover: scared of changes, jobs security, the community.
pros of organic growth: They keep growing bigger.