Business expansion refers to the growth strategy employed by companies to increase their market share, enhance revenues, or reach new customer segments. This can be accomplished through various means such as opening new locations, entering new markets, introducing new products or services, or acquiring other businesses. The main goal of business expansion is to leverage existing resources and capabilities to drive profitability and establish a more substantial presence in the industry. Effective business expansion requires careful planning, analysis of market conditions, and an understanding of potential risks and challenges associated with scaling operations.
KFC's headquarters will move from Louisville, Kentucky, to Plano, Texas, as part of a strategic growth initiative by Yum! Brands. This relocation seeks to foster innovation and collaboration by creating…