Business Studies Year 13 Revision Day 1 - Business Growth and Retrenchment
Our Year 13 Recap kicks off with a review of the different strategic directions that a business can take.
All businesses have a core mission objective that they wish to achieve in the market, but how they go about achieving this objective is not always as straightforward as first imagined. This means during different periods, businesses will have to make crucial decisions about the scale, size and capacity of the business to determine whether the current capacity is sufficient and sustainable to execute their existing strategy. A business can either decide to expand to take on a more prominent in the market or retrench and scale back the capacity of the business to cope with changing market conditions.
Here Jack guides you through the business growth and retrenchment revision slide: