Growth
Increase in business size measured by: revenue, profit, market share, employee count, asset value.
Formula
Growth Rate = ((Current Year Value − Previous Year Value) ÷ Previous Year Value) × 100
Real World
Amazon grew inorganically by acquiring Whole Foods in 2017 for $13.7bn, instantly gaining physical retail presence rather than building stores from scratch.
Exam Focus
Specify which measure of growth (revenue, profit, market share) you are using — vague references to 'growth' lose marks.
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