Discuss Some Check Points an Entrepreneur Should Confirm Before Expanding $\bullet$

question 13

Essay

Discuss some check points an entrepreneur should confirm before expanding a product mix
$\bullet$ Is the expanded product line delivering more value to existing customers or to new customers?

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Definitions:

Enterprise Unionism

A labor union organization model where each union represents workers of a single enterprise rather than workers across multiple enterprises in the same industry.

Seniority

A system in which priority or status is given to individuals within a group based on the length of service or tenure in the organization.

Worker Solidarity

The unity and support exchanged among workers from different sectors and backgrounds, often in the pursuit of common goals or in response to mutual challenges.

Economic Efficiency

A measure of how effectively economic resources are utilized to meet consumer needs and produce maximum output with minimum waste.