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What does business expansion mean?

Answer and explanation

Correct answer: Growing the business

Business expansion means increasing the scale or reach of operations. It may involve opening another branch, serving a larger market, increasing production, adding products, or entering a new area. Expansion requires planning and resources; it is not the same as closing the business or stopping sales. Hence, the general meaning of making the business larger is correctly given by A.

Related tags

Business ExpansionGrowth StrategyEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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