Question

A local company is looking at expansion into 2 possible areas.

A local company is looking at expansion into 2 possible areas.

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Answer #1

There are a number of ways to expand a company some of them increase. your. sales. and products .in. existing markets. This. is obviously. the. easiest. and. most .risk-free. way to .expand. This .tactic .may require. a bigger location, different. pricing. strategies, new/improved. marketing .techniques but. it. will. be in. a customer. group with whom. you. already. have a .relationship.you. can also. introduce. a New Product. You. have. a. successful product/service. that. you. have. been .offering .for some. time and. have been. collecting. data, customer. feedback and. doing .the. tinkering. on your. newest. product. This.. is. a normal. evolution. in business, not .just. an expansion. tactic. When. positioned. as. adding. value and. being .responsive. to .customer. needs, this. can. be a relatively. risk-free. way .to. expand.

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