17. Explain one reason why a business might become a national rather than a local business. [3]

[Sir Afzal Shad]

Q17. Explain one reason why a business might become a national rather than a local business. [3]

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Possible Structure:
[KN]
[AN]
[AN+]

[Talha Asim]

(Kn) to reach a wider target market(an) if before the business was just getting sales locally they can now greatly influence their sales by becoming a national company and opening in other areas (an) this can further improve the brand image as a well known business

[Shanze Arsalan]

KN: It is to grow a larger customer base and increase its market share.
AN: When the business will have a much larger customer base it will have much higher productivity due to the presence of a larger workforce that would be serving all the customers
AN+: When the productivity of the business is high the employees sees that their efforts contribute to the overall productivity and success of the company, it can boost morale and job satisfaction and will lead towards lower turnover rates

[Minahil hamid]

Business should become national because it serves a larger customer base often nationwide therefore local businesses serves only local area so therefore business might become nationwide as it increases sales which led to economy growth.

[Haasher Omar Khan]

[KN] Increase in popularity of the business
[AN] which will increse the sales of the business
[AN+]thus,Increase in size of business

[zeemal rashid]

[KN] ability to supply products in the whole country
[AN] therefore, a larger market share compared to that of the local business thus revenue increases
[AN+] thus increase in profits would lead towards increased productivity of the business

[Sudais Ahmed]

Kn: Provide services within the country and become a popular brand nationwide.
An: National business has an excess to a larger market because they are dealing across the country not in the city.
An+: Being a popular business will provide a quality product and service as they work on a larger scele hence a strong brand image will be generated and a lage amount of revenue can be earned.

[Zubiah gull]

[KN]Local businesses only operate in small parts of a country whereas national businesses can operate across the whole country.
[AN]This improves the sales in a national company as compared to local businesses.

[Hamnah Naz]

[KN] A business may become a national business rather than a local one in order to expand it's customer base across the country. [AN] This may benefit the national business as it's sales may rise more than they would have if it was just a local business operating in small parts of the country, with customers limited to only that region. [An+] This may allow the business to earn greater profit than competitors as it may have a greater market share due to operating as a national business rather than local. For this reason, the business may have sufficient finance to spend on research and development in order to identify possible gaps in the market and meet customer needs profitably. As a result, this may give competitive advantage to the national business as it becomes a trend setter.

[Muhammad_Faizan]

KN: Higher business growth potentials when being a national business
AN: This will help business grow which will help them be able to achieve economies of scales to reduce average cost of the business
AN+: Which will hence help increase profit margins of the business or they can use this to their advantage and get competitive pricing if the market has competition to increase market share

[Hasnain_Hamdani]

[KN] To have branches and/or operations across the country to earn a higher profit unlike local businesses which operate in small, well defined parts of a country and tend to earn a lower profit
[AN] This will allow the business to attract customers across the whole country and increase its profits through higher number and value of sales and lower costs through economies of scale
[AN+] Resulting in further expansion of the business in the future.

[Syed huzaifa shah]

(kn) access to larger market.
(An) as national company provides goods and services throughout the country rather than just one city so they would enter larger markets.
(An+) large scale dealings would increase business profit margins and improves their links throughout the country.

[Aleezay Naseem]

Kn: a national business has access to broader markets as its selling its products and services all across the country.
An: this will lead to economies of scale, enabling businesses to produce goods more efficiently and at lower costs
An+ business may become more financially efficient to incur costs and make capital investment as cost of production will reduce
An+

[Syed Ammar Ali]

[KN] business will generate more sales than in local business
[AN] as business will get access to more customers & people across the country may also be interested
[An+] will result in bigger growth & expansion of the business

[IsmailMansur21]

[KN]: A business might become a national rather than a local business to enhance their market presence.
[AN]: This enhanced market presence will attract customers and lead to customer loyalty, and also improve their brand image.
[AN+]: If the business is a public limited company, it would attract investors due to being nationally recognized. Thus, the business would be able to expand.