2.3 Classification by Geographical Spread

Question 1

What is geographical spread

Answer 1

Geographical spread is the presence of a business and the range of its products across a suburb, city, state, country, or the globe

Question 2

What type of geographical spread does a local business have?

Answer 2

A local business has a restricted geographical spread; it serves the surrounding area

Question 3

What type of geographical spread does a national business have

Answer 3

A national business operates within just one Country

Question 4

What geographical spread does a Global business have

Answer 4

a Global business commonly referred to as a multinational company, is a large company that has branches in many different countries