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Enumerate the Internal development of any business or 'organic growth'
Business grows using its own internal resources.
- Reduces risk of the high cost of integrating culture, systems and commitment from other organisations
- More control over growth for example incremental change rather than all at once
- Avoids the premiums paid for established organisations/brands
- Develops existing core competences of the organisation over the long-term.
Question 1: Give the formulae for the Standard Contribution Rate (SCR) and Actuarial Liability (AL) for each of the following funding methods: a) Credit Unit Method b)
w risk associated with working capital
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