business expansion
Definition 1
A business strategy in which growth is obtained by increasing the number of stores in which customers can buy a company's products and services. Unlike relocation, business expansion entails opening up new stores in different physical locations while still maintaining the current business locations. See also franchise.
Definition 2
The growth of a business' product and service offerings.
business expansion is in the Decision Making, Problem Solving, & Strategy and General Business subjects.
business expansion appears in the definition of the following term: concentrated growth
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