identify and explain two possible reasons why senior managers at telcom want to expand business
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23
Answer:
Most firms seek to become bigger – increasing sales and market share. Firms can grow through internal expansion, external growth (merger) or diversification into related industries. The motives for increasing in size can include: Greater sales lead to greater profit, making the firm more attractive to shareholders.
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15
Explanation:
to new customers
a new line to your existing customers
in new geographical areas
via additional sales channels
a greater volume to bigger markets/customers
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