Growth Strategies in Business

Small companies or businesses always look for ways to grow their business and increase sales and profits. There are probable techniques that companies must use for executing a growth strategy. The technique used by a company to expand business is highly dependent upon its financial situation, the competition and even government regulations and policies.

Some common growth strategies marked in small scale business are −

●      Market penetration

●      Market expansion

●      Product expansion

●      Diversification

●      Acquisition

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