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Outline two reasons why David Mason might wish to expand his business - Leaving Cert Business - Question A - 2015
Question A
Outline two reasons why David Mason might wish to expand his business. 1. To increase profits to enable further expansion / better living standard. 2. To access new... show full transcript
Worked Solution & Example Answer:Outline two reasons why David Mason might wish to expand his business - Leaving Cert Business - Question A - 2015
Step 1
To increase profits to enable further expansion / better living standard.
Answer
David Mason may wish to expand his business in order to enhance profitability, which can facilitate further growth and improvements in his standard of living. Higher profits would provide the necessary resources for upgrading facilities and investing in new business opportunities.
Step 2
To access new markets which would help increase sales and profits.
Answer
Expanding into new markets can significantly broaden the customer base, leading to increased sales and subsequently higher profits. By reaching different demographics or geographical locations, Mason Motors can capitalize on untapped opportunities.