SIMCO private limited is a soap manufacturing company which is running successfully. Now they plan to expand their business activities by adding more line of products such as shampoo, Deodorant, perfume etc. which type of structure would you recommended after expansion and why?
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Answer:
It will be a Conglomerate type of business .
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The recommended business structure will be partnership business structure.
Explanation:
- In the partnership business structure, the company will work by combining its efforts with other companies.
- A joint venture of capital investment is available in this structure.
- Since the partners work to reach the common goal, the net productivity and loss are shared by both companies.
- The financial risks are reduced with the partnership business.
- The business expansion occurs from both the sides of the partners.
To know more:
1) What are the different options to expand sole proprietorship business
https://brainly.in/question/9744681.
2) 4 difference between Internal Expansion & External Expansion
https://brainly.in/question/15563558
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