What Are the Two Ways in Which an Organisation Can Expand? - Entrepreneurship

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What are the two ways in which an organisation can expand?

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Solution

Internal Expansion and External Expansion are the two ways in which an organisation can expand.

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Growth and Development of an Enterprise

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Chapter 4: Enterprise Growth Strategies - Very short answer (exceed 15 words) [Page 172]

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CBSE Entrepreneurship Class 12

Chapter 4 Enterprise Growth Strategies
Very short answer (exceed 15 words) | Q 1 | Page 172

RELATED QUESTIONS

Kavita started a boutique named ‘Stylo queens’. She replaced old sewing machines with new one’s during the pandemic to manufacture masks and PPE kits. Gradually her boutique became popular and seeing the swelled up demand for her products she further installed extra machines to cater to the growing demand of the increasing customers. From the profits earned, she decided to further expand the business by starting a new business of cushion covers and bed sheets.

Identify the type of expansion mentioned above.
What is the net result of such an expansion?
Explain the expansion discussed above.

What Are the Two Ways in Which an Organisation Can Expand? - Entrepreneurship

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