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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 standards. - 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 standards.
Answer
David Mason may wish to expand his business to increase profits. By expanding, he can allocate further resources into the business, which could lead to better living standards for himself and his employees. Additionally, increased profits allow for reinvestment into the business, improving its overall capacity and services.
Step 2
To access new markets which would help increase sales and profits.
Answer
Another reason for expanding the business is to access new markets. By venturing into new geographic areas or demographics, David could potentially increase sales. This expansion may decrease competition and help establish Mason Motors as a leader in the car dealership industry.