PLEASE HELP- NOT A VERY HARD QUESTION

Coffeeco Company, a national coffee store, has several stores in a busy downtown area. After opening two more locations, they noticed that sales at their stores stopped growing. Which of the following is the most likely explanation for what happened?

Coffeeco spent all of its profits on opening new stores.

The cost of the coffee became too expensive for customers.

The new stores took business away from existing stores.

People in the area lost interest in buying coffee.

The reason is because the new stores had probably cheaper coffee, and many more varieties and a better taste to it. And yes, the answer does not make sense because there could be many various reasons. It could be all of the options. And also I did the quiz, it was correct.

Answer Link

chilljain33 chilljain33 · Answer 2 · 2022-07-23T12:55:23+02:00

The sales of coffee store must have dropped as opening more stores as a part of their business expansion led to loss of business from existing stores. Hence, option C holds correct.

What is business expansion?

An activity of increasing the scope of business by an organization in terms of presence or serving more categories, or entering a new business segment, is known as business expansion.

When a coffee company opens its new stores, the new stores eventually catch the sales at its existing stores, as the customers would prefer coffee at their nearby store.

Hence, option C holds true regarding business expansion.

Learn more about business expansion here:

https://brainly.com/question/15972273

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