Answered: 1)Please explain in full detail your…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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For the following questions, please answer each question with detailed and descriptive content from your research while also providing your intuitive response to the questions. Grading is determined on the quality of the response. 1-2 pages, APA format. You are the current owner of an E-Commerce business called ‘Poison Berry’. You acquired this business from a previous owner. You purchased the business for $250,000, no money down and $5,000 a month over the next several years until the loan is paid off. The business sells home fragrances, candles, incense, and sprays for the home. You have been successful within your online community and are starting to receive emails from customers across the world inquiring about your products. They are curious as to products you may start to offer for offices.

1)Please explain in full detail your business strategy for expansion.
2)What would you need to create, examine, and define before expanding including barriers, concepts, and a plan?

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