19 Explain how a business could use the internet to grow internally.

Ch 3 Size of business
M huzaifa jillani
Trade Titan
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Re: 19 Explain how a business could use the internet to grow internally.

Post by M huzaifa jillani »

(KN)
Internal growth happens when a business expands by increasing its own sales instead of merging or taking over another business.
(APP)
For example a clothing brand could create an online store or website to sell its products to customers in different cities or countries.
(AN)
By using the Internet the business can reach more customers in different cities or countries. It also reduces costs compared to opening new physical shops allowing profits to rise and supporting long term internal expansion.
hassanalizafar
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Re: 19 Explain how a business could use the internet to grow internally.

Post by hassanalizafar »

[KN] A business can use the internet to expand its sales and reach without opening new physical locations.
[APP] For instance, a local bakery can set up an e-commerce website to sell cakes and pastries nationwide.
[AN] This allows the business to reach more customers which increases orders and revenue leading to higher production enabling the hiring of more staff which improves efficiency and service.
Shaliza khawaja
Enterprise Emperor
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Re: 19 Explain how a business could use the internet to grow internally.

Post by Shaliza khawaja »

By increasing sales and improving efficiency through online platforms
for example opening an online store to sell products rather then just relying on physical stores
this helps them reach a wider customer base which boost profits it also helps business understand what customers like so that they can focus on improving that product
sarah_naeem
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Re: 19 Explain how a business could use the internet to grow internally.

Post by sarah_naeem »

[KN]: A business could use online platforms like E-commerce apps to grow internally.
[APP]: For example, a restaurant could deliver food through online websites or apps as per customer's convenience which makes the customer look forward to such brands as they can easily get access to the food even if the restaurant is very far away.
[AN]: Thus, this allows the business to reach many more customers that are further away which increases their sales, orders and revenue leading to a stronger brand image which further leads to long term growth of business.
Areeba Arshad
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Re: 19 Explain how a business could use the internet to grow internally.

Post by Areeba Arshad »

[KN] Internal growth happens when a business expands by increasing its own sales rather than merging with or buying other firms.
[APP] For example, a clothing store could launch an e-commerce website to sell products online.
[AN] This allows the business to reach customers across the country or even globally, increases overall sales and brand awareness and helps the firm grow steadily without relying on external takeovers.
Tuqwa
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Re: 19 Explain how a business could use the internet to grow internally.

Post by Tuqwa »

kn:a business can use the internet to grow internally by selling its products online through e-commerce.
app:For example by creating a website the business can sell directly to customers across the country or even internationally.
an:this helps the business reach a wider market and increase its sales revenue leading to internal growth.
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