GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Businesses need to seek ____ opportunities to expand
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Any
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Old
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New
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Lots of
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Explanation:
Detailed explanation-1: -Optimize your existing market. Growing your business doesn’t always mean getting new customers-it can also mean selling more to your existing customers. Claim a niche market. Move into new markets. Seek referrals. Partner with other businesses. Franchising. 23-Feb-2023
Detailed explanation-2: -greater sustainability or resilience in the market. lower costs-due to economies of scale. greater market dominance. greater buying and bargaining power. ability to mitigate commercial risks-eg through diversification. ability to reduce the threat of competition. More items
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