Tag Archives: Business Growth

Business Expansion: Definition, Importance, Types, Advantages, Disadvantages

What it is: Expansion of business (business expansion) is the company’s efforts to grow the size of its business. It aims to increase the scale of operations. Thus, the company can generate more money for the company’s shareholders.  Expansion can be through internal growth such as: Building a new production facility  Targeting new markets Developing new products Establishing a subsidiary… Read More »