Tag Archives: Business Size

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 »

Big Business: Definition, Characteristics

What it is: Large business (large business) is a business with business size categories above average, having major surgery and high economies of scale. They hire a lot of work and generate a lot of income. They may target national or even international markets.  With large resources, large companies have a higher competitive capacity than small businesses. They may operate several… Read More »