[KN]Diversification
[AN] reduce dependence on a single market or product
[AN+]making the business more competent to economic fluctuations
[KN]Competitive Advantage
[AN]This can help the acquiring company defend its market share and better compete against rivals.
[AN+] and hence increase market dominance
21 Analyse the benefits of takeovers as growth strategies to a business. [6]
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Re: 21 Analyse the benefits of takeovers as growth strategies to a business. [6]
[KN] Rapid Expansion
[AN] Takeovers allow a business to grow quickly by acquiring established assets and operations
[AN+] This method bypasses the time and effort needed to build from scratch, accelerating the company's reach
[KN] Increased Market share
[AN] Acquiring another business can result in a significant expansion of the acquiring company's share of the market
[AN+] This increased market share often translates to a stronger competitive position
[AN] Takeovers allow a business to grow quickly by acquiring established assets and operations
[AN+] This method bypasses the time and effort needed to build from scratch, accelerating the company's reach
[KN] Increased Market share
[AN] Acquiring another business can result in a significant expansion of the acquiring company's share of the market
[AN+] This increased market share often translates to a stronger competitive position