Which type of growth is not associated with external factors?

Prepare for NCEA Level 2 Business Studies Test. Study comprehensively with flashcards and varied question formats, each offering hints and detailed explanations. Ready yourself for success!

Organic growth refers to the expansion that a business achieves through its own internal resources and capabilities, rather than relying on external influences such as mergers, acquisitions, or partnerships. This type of growth typically involves increasing sales, enhancing productivity, and improving business processes. It can occur through strategies like developing new products, increasing market share, or entering new markets independently.

In contrast, inorganic growth involves external factors, such as acquiring another company or forming strategic alliances. Market growth is influenced by external market conditions and consumer demand, while horizontal growth can also involve mergers and acquisitions to expand market reach or product offerings. Therefore, organic growth stands out as a type that is solely dependent on the business's internal efforts.

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