Final answer:
For a successful business, purchasing a second location is a probable next financial step to expand and increase profits. Other options include reinvesting profits, borrowing, or selling stock, depending on the company's financial strategy and market conditions.
Step-by-step explanation:
For a business that has been running successfully for several years, a probable next financial step would be purchasing a second location. This decision aligns with the goal of expanding the business and potentially increasing profits. However, each business is unique, and this step would largely depend on its specific financial goals and market position. After a period of success, businesses typically do not need to acquire start-up funds, as they are past the early-stage phase. The determination of product prices is an ongoing process and not a step that typically characterizes a new phase in business development.
Reinvesting profits might be the most viable option if the company has been profitable, but businesses could also consider raising capital by selling stock or borrowing through banks or bonds. This choice would depend on the owners' willingness to share control or take on debt. It is crucial to analyze the risk and return involved in the investment, understand the long-term borrowing implications via bonds, and consider stock market perceptions when issuing new shares.