expansion

expansion definition - business

expansion

  1. An increase in a firm's capacity to provide products or services. For example, a software company may acquire additional office space in order to hire employees that will work on a new project.
  2. A period during which there is an increase in economic activity.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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