Increasing business size
- Created by: DanielSmart
- Created on: 20-04-15 18:49
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- Why owners may want to expand their business
- Profits - When a business grows, it's profits may increase.
- Increase in market share - This will increase the reputation and enable the business to grow faster, more easily.
- Greater power to control the market - Larger businesses can set the price for other businesses to follow and makes them more powerful and at a considerable advantage.
- Protection from the risk of takeover - The larger the company, the more difficult and expensive it is for a takeover.
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