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.
Frequently asked questions
What is the correct answer to this question?
Growing the business
Why is this the correct answer?
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.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
