Why is it important to recognise expansion opportunities?
Answers
Answered by
11
Explanation:
As the business grows or expands, there is a proportionate decrease in the cost of operation. For example, as you expand, you buy goods in large quantities and you are likely to benefit from discounts given by suppliers. Recognizing expansion opportunities helps businesses develop multiple revenue streams.
Answered by
6
Answer:
Recognizing expansion opportunities helps businesses develop multiple revenue streams. Businesses are able to diversify their operation hence spreading their risk.
Similar questions