Introduction to business Essay Example | Topics and Well Written Essays - 250 words - 2

Introduction to business - Essay ExampleThe business is experiencing success and is in the peak division of the business cycle (Schumpeter 235). The business has to grow further in order to continue to experience high profits. One of the best ways of making an already successful business more successful is expansion. magnification can take place in various ways, the business can expand by the path of integration, the business can choose to expand and integrate vertically or horizontally. The business can white plague the method of backward vertical integration by taking over the electronic products it is already exchange and enjoy all the profits and the business can even open new outlets through mesh and expand. For example the business can franchise its go to other individuals who are running websites and selling goods and services through that website. Through this method the business will earn from sales of electronic products conducted by those companies who present pur chased the franchise from the business.Schumpeter, Joseph A, and Redvers Opie.The Theory of Economic Development An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle. Cambridge, Mass Harvard University Press, 1934.