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Possible Ways That Chocoholics PLC Can Grow.
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- Words:
- 767
- Submitted:
- Tue Sep 16 2003
... Possible Ways That Chocoholics PLC Can Grow From section two Chocoholics PLC can think about expanding internally. This is normally cheaper and safe. The different methods that could be used are as follows: Chocoholics PLC could open new branches and then they will have to employ more staff. They could also move to bigger premises, or sell more products. Another way of expanding internally could be by using Matrix's theory. Chocoholics PLC could keep their existing product in their existing market, or put their existing product in a new market. It could also be the other way around. A new product could be produced that could be put in the existing market, or it could be put in a new market. The safest one is to put an existing product in a new market, there is minimum risk. The riskiest is to develop a new product and put it in a
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