1. Which of the above theories overlap and in what way?
2. Why, do you think, is it difficult to find adequate empirical support for any of them?
205(Box 8.4) 1. Why may a business favour borrowing, as a means of financing growth, over othersources of finance?
(Box 8.4) 2. What are the strengths and weaknesses of diversification as a business growthstrategy?