Assume that you have a local garments company. After sometime you decide to expand your business. In your opinion what are they ways through which you can expand your business. Give argument for your ways of expansion you choose for your business and also give reason for choosing certain way of expansion.
Answers
Answer:
You can reduce your dependence on the markets you have developed in the United ... that can either make or break your business when you try to grow by going global........ ..... .....
Expansion of business
Explanation:
- Understand the needs of customers
We have to know the trend of the customers and also the need of the customers.
- Online marketing
We have to create websites on the name of the company to reach the market.
- Innovation of marketing plans
Innovation is all about marketing plans to discover and exploit some unknown and unpredictable items.
- Avail business loan
The garment company has to avail business loan to expand their business. Gaining financial support enables them to release the products to the market easily.
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Give argument for your ways of expansion you choose for your business and also give reason for choosing certain way of expansion.
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