Business expansion achieved through mergers, acquisitions, or partnerships rather than internal development. Myt PLCโs takeover of Lotssa Coffee and Honest Water are examples
External growth
Oops!
Check
Okay!
Check
15
Companyโs commitment to operate ethically and contribute positively to society and the environment. This can include actions like reducing environmental impact, supporting community projects, or improving the welfare of employees.
Corporate Social Responsibility
Oops!
Check
Okay!
Check
15
The riskiest growth strategy, as it involves both product development and market development, requiring the business to venture into areas where it has little, if any, prior experience.
Diversification
Oops!
Check
Okay!
Check
15
All existing and potential customers who have an interest and ability in purchasing a business organizationโs goods or services. For Myt PLC, this includes individuals and organizations purchasing non-alcoholic beverages or healthy snacks
Market
Oops!
Check
Okay!
Check
15
Crucial element of an organizationโs promotional strategy within the marketing mix. It involves paid-for communication strategies designed to inform and persuade consumers about Myt PLCโs diverse range of beverage products.
Advertising
Oops!
Check
Okay!
Check
15
A series of interconnected business outlets, like Lotssa Coffee, that are owned or managed by the same company and operate under a common brand name. It is centrally managed, typically including a common marketing mix and corporate policies
Chain
Oops!
Check
Okay!
Check
15
Growth strategy whereby a company expands by acquiring or merging with businesses at different stages of the production process, but typically within the same industry.
Vertical integration
Oops!
Check
Okay!
Check
15
Company that operates in two or more countries. Myt manufacturing factories are on six continents and sells its products globally,
Multinational
Oops!
Check
Okay!
Check
15
Physical locations or points of sale where a business organizationโs goods or services are offered to customers. In the case of Myt includes the retail locations where its drinks are sold as well as Lotssa Coffeeโs 4,000 coffee shops
Outlets
Oops!
Check
Okay!
Check
15
Acquisition of one company by another, where the acquiring company gains control of the target company by purchasing a majority stake of its shares.
Takeover
Oops!
Check
Okay!
Check
heart
Other team wins 25 points!
Oops!
seesaw
Swap points!
Okay!
gift
Win 20 points!
Okay!
baam
Lose 25 points!
Oops!
15
Range of goods or services offered by a business. Myt's includes over 30 different non-alcoholic drinks, such as root beer and bottled water, reflecting the companyโs growing and diverse offerings that cater to various consumer preferences
Product Portfolio
Oops!
Check
Okay!
Check
15
Process of a business organization, such as Myt PLC, increasing its scale of operations through various means, e.g., expanding production facilities, increasing production capacity, or expanding its product portfolio.
Growth in size
Oops!
Check
Okay!
Check
trap
No points!
Oops!
gold
Win 50 points!
Okay!
gift
Win 25 points!
Okay!
baam
Lose 10 points!
Oops!
monster
Reset all scores!
Oops!
magnet
Take 25 points!
Okay!
fairy
Take points!
5
10
15
20
25
lifesaver
Give 20 points!
Oops!
15
Organized alliance that seeks to influence public (government) policy and/or business practices, often advocating for specific social, environmental, or political causes.