Indicate by means of a tick (✓) in the correct box, the method of expansion to which each statement below relates: Statement Apple buys Beats by Dr Dre for $3bn. Avonmore Foods plc and Waterford Foods plc joined forces to form Glanbia plc. Irish grocery retailer SuperValu has announced a new partnership with Bank of Ireland as part of its 'Real Rewards' loyalty programme. The Zip Yard have expanded by allowing other parties to use the business model and trademark in exchange for a fee and a percentage of profits.

Leaving Cert Business Business Expansion: Indicate by means of a tick (✓)

Indicate by means of a tick (✓) in the correct box, the method of expansion to which each statement below relates: Statement Apple buys Beats by Dr Dre for $3bn - Leaving Cert Business - Question 10 - 2017

Question 10

Indicate by means of a tick (✓) in the correct box, the method of expansion to which each statement below relates: Statement Apple buys Beats by Dr Dre for $3bn. Av... show full transcript

Worked Solution & Example Answer:Indicate by means of a tick (✓) in the correct box, the method of expansion to which each statement below relates: Statement Apple buys Beats by Dr Dre for $3bn - Leaving Cert Business - Question 10 - 2017

Step 1

Apple buys Beats by Dr Dre for $3bn.

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Answer

This statement relates to a 'Takeover' as Apple is acquiring another company (Beats) outright.

Step 2

Avonmore Foods plc and Waterford Foods plc joined forces to form Glanbia plc.

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Answer

This statement represents a 'Merger' as it involves two companies coming together to form a new entity.

Step 3

Irish grocery retailer SuperValu has announced a new partnership with Bank of Ireland as part of its 'Real Rewards' loyalty programme.

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Answer

This is an example of a 'Strategic Alliance' as it indicates a partnership for mutual benefit without merging.

Step 4

The Zip Yard have expanded by allowing other parties to use the business model and trademark in exchange for a fee and a percentage of profits.

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Answer

This reflects a 'Franchise' as it involves giving permission to others to operate under a business model.

Indicate by means of a tick (✓) in the correct box, the method of expansion to which each statement below relates: Statement Apple buys Beats by Dr Dre for $3bn - Leaving Cert Business - Question 10 - 2017

Worked Solution & Example Answer:Indicate by means of a tick (✓) in the correct box, the method of expansion to which each statement below relates: Statement Apple buys Beats by Dr Dre for $3bn - Leaving Cert Business - Question 10 - 2017

Apple buys Beats by Dr Dre for $3bn.

Avonmore Foods plc and Waterford Foods plc joined forces to form Glanbia plc.

Irish grocery retailer SuperValu has announced a new partnership with Bank of Ireland as part of its 'Real Rewards' loyalty programme.

The Zip Yard have expanded by allowing other parties to use the business model and trademark in exchange for a fee and a percentage of profits.

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