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๐Ÿ”„ Business Cycle and Growth

An entrepreneur or a group of individuals come up with a business idea and start a venture. The business is successful in atrracting customers and gains foothold in the market.

- The business then grows through increased custom - Manufacturing has to be scaled. Word of mouth leads to increased custom.
- The business continues to grow locally/nationally - They may need to create satellite units to save on logistics costs or recap benefit of local savings.
- If the products are suitable to be sold internationally, the business grows outside the country
โ€ƒโ€ƒโ€ƒ - Logistics partners to assist with shipping (internationally)
- The bsiness goes global and international sites are created in different countries/regions.
โ€ƒโ€ƒโ€ƒ -Some local customisation of the product attracts more localised customers.

LOCAL customisation

Change of colours or specifications to make it better suit the city/county

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