Good day! Can someone help me to explain this topic? I just need an explanation for every phrase that has (") sign. Taglish explanation will be a big help, thank you in advance!! :)

What are the advantages of expanding a business?

"The benefits of expanding a business include reducing external risks (such as those posed by competition, the market, or technology changes). Expansion can also enhance the impression of greater financial viability: larger businesses often look more appealing to investors and lenders."

The advantages of expanding a business include: "Attracting new customers in new markets or with new products and services. A large and diverse customer base also helps insulate your business against over-reliance on a single client."

"Creating economies of scale. One of the benefits of expanding a business is spreading the risk of doing business and reducing the negative impact of one product or one poor decision on your business. Operating in multiple markets or product areas also allows you to spread the cost of doing business across more markets or customers and lowers the cost of doing business on a per-customer basis."

"Amortising costs. You may get discounts for buying in bulk or reduce your marketing expenses by spreading the cost of promotion over larger sales." "Increasing your market influence. One of the important advantages of expanding a business is the influence increased size gives you in influencing market pricing."

"Diversifying increases protection. Entering new markets or introducing new products and services means that if one part of your business is exposed to market changes, you can rely on other income streams."

Reference:

https://www.eulerhermes.com/en_global/news-insights/business-tips-and-trade-advice/advantages-and-disadvantages-of-expanding-a-business.html