I need you to response to the following post with 200 words APA style:
Opportunities of expanding a business
- Target new customers
- Expand into new territories (Shelf space in more stores/new city, state, or country/etc.)
- Sell more product
Uncertainties of expanding a business
- Will the quality of the product drop with increased demand?
- The reliability of the supplier (or new supplier if the current supplier does not cater to the new area)
- How well the business will fair with competing businesses.
Hazards of expanding a business
- The product is damaged while being transported
- Paying too much for additional shelf space/warehouse storage.
- Delivery of product being affected by new delivery routes
Compliance requirements of
- Differing compliance requirements in different cities/states/countries
- Insufficient insurance (i.e. no flood insurance and the warehouse is flooded after heavy rainfall)
- Failure to comply with OSHA standards