Expanding a business common mistakes

Common mistakes

• Methods of expansion common mistake 1

  Giving a vague answer instead of directly addressing: Discuss advantages and disadvantages of business growth methods..

  Fix itAnswer by clearly explaining how to discuss advantages and disadvantages of business growth methods..

• Methods of expansion common mistake 1

  Giving a vague answer instead of directly addressing: Explain organic growth through franchising, opening new stores and e-commerce expansion..

  Fix itAnswer by clearly explaining how to explain organic growth through franchising, opening new stores and e-commerce expansion..

• Methods of expansion common mistake 1

  Giving a vague answer instead of directly addressing: Explain outsourcing and external growth through mergers and takeovers..

  Fix itAnswer by clearly explaining how to explain outsourcing and external growth through mergers and takeovers..

• Economies and diseconomies of scale common mistake 1

  Giving a vague answer instead of directly addressing: Explain how growth can create unit cost advantages through economies of scale..

  Fix itAnswer by clearly explaining how to explain how growth can create unit cost advantages through economies of scale..

• Economies and diseconomies of scale common mistake 1

  Giving a vague answer instead of directly addressing: Explain purchasing economies and technical economies of scale..

  Fix itAnswer by clearly explaining how to explain purchasing economies and technical economies of scale..

• Economies and diseconomies of scale common mistake 1

  Giving a vague answer instead of directly addressing: Explain how growth can create diseconomies of scale through communication problems, coordination issues and reduced staff motivation..

  Fix itAnswer by clearly explaining how to explain how growth can create diseconomies of scale through communication problems, coordination issues and reduced staff motivation..

• Economies and diseconomies of scale common mistake 1

  Giving a vague answer instead of directly addressing: Calculate and interpret average unit costs..

  Fix itAnswer by clearly explaining how to calculate and interpret average unit costs..