I’m working on a finance discussion question and need an explanation and answer to help me learn.
In this section of your Analysis you should start working on the opportunities the company has to expand its markets and sales. It is important that you work through this section by researching the market thoroughly, because here you will start making recommendations to management!
Opportunities to consider might include something like introducing a new product/service or exploring a new market. Can your company’s products/services be improved to achieve higher profit margins? Can the company become the most efficient and dominating company in its sector? Will outsourcing help the company?
Analyze the probability of improving or enhancing your company’s product/service to achieve higher profit margins. Can the product/service be outsourced to improve cost efficiencies?