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2.1 Growing the business

4 dot points across 4 inquiry questions. Click any dot point for a focused answer with worked past exam questions where available.

How does a business grow, and how does it pay for that growth?

Methods of business growth and their impact: internal (organic) growth and external (inorganic) growth (merger, takeover); the public limited company (plc) as a type of ownership for growing businesses; and sources of finance for growing and established businesses (internal: retained profit, selling assets; external: loan capital, share capital including stock market flotation).
A focused answer to Edexcel GCSE Business 2.1.1, covering internal (organic) and external (inorganic) growth, mergers and takeovers, the public limited company, and the internal and external sources of finance for growing businesses including stock market flotation.
8 min answer →

Why and how do a business's goals change as it grows and evolves?

Why business aims and objectives change as businesses evolve (in response to market conditions, technology, performance, legislation and internal reasons) and how they change (focus on survival or growth, entering or exiting markets, growing or reducing the workforce, increasing or decreasing the product range).
A focused answer to Edexcel GCSE Business 2.1.2, covering why business aims and objectives change as a business evolves (market conditions, technology, performance, legislation, internal reasons) and how they change.
6 min answer →

Should a business do the right thing if it costs profit?

The impact of ethical and environmental considerations on businesses: how ethical considerations influence business activity (possible trade-offs between ethics and profit), how environmental considerations influence activity (trade-offs between the environment, sustainability and profit), and the potential impact of pressure group activity on the marketing mix.
A focused answer to Edexcel GCSE Business 2.1.4, covering how ethical and environmental considerations influence business activity, the trade-offs with profit, and the impact of pressure group activity on the marketing mix.
7 min answer →

How does globalisation create both opportunities and threats for a business?

The impact of globalisation on businesses (imports, exports, changing business locations, multinationals); barriers to international trade (tariffs and trade blocs); and how businesses compete internationally (using the internet and e-commerce, and changing the marketing mix).
A focused answer to Edexcel GCSE Business 2.1.3, covering the impact of globalisation (imports, exports, changing locations, multinationals), barriers to trade (tariffs, trade blocs), and how businesses compete internationally.
7 min answer →