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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. - To increase profits to enable further expansion / better living standard. - To access new m... 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 primarily to increase profits. Higher profits can provide him with the financial resources needed for further expansion of the business. This can lead to improved facilities, a better quality of service, and ultimately a higher living standard for him and his employees.
Step 2
To access new markets which would help increase sales and profits.
Answer
By expanding, David can tap into new markets. This access could result in increased sales, contributing positively to the overall profitability of Mason Motors. Access to new customer bases provides more opportunities to grow his business.