Question

what factors should a firm consider in deciding how rapidly it should expand?

what factors should a firm consider in deciding how rapidly it should expand?

Homework Answers

Answer #1

Answer : In order to expand busines is a diffcult task for an enterprenures . Growing your product line or expanding your production involved various reasons are kept in the mind such as :

  • Created strong culture in the business. Employee should be highly motivated and increase the commitment of the business scanerio.
  • Hire that employee or management which are versiable. Brainstorming Marketing has been performed. Appointment of that employee which are worked like promoters in the morning and manufacturer as day time.
  • Conduct proper and systematic market studies : It means that logical Market studies has been conducted so properly result has been conducted. Proper analysis of the potential customer as well as new location.
  • Investment capability of the enterprenure match with the expanding business.

Thus, this shows that enterprenure has kept various factor in the mind.

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