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Questions and Answers
What effect does the introduction of new regulations typically have on existing businesses?
What effect does the introduction of new regulations typically have on existing businesses?
- It can lead to increased costs and reduced profit margins for some businesses. (correct)
- It always benefits all existing businesses.
- It creates a competitive disadvantage for all businesses.
- It universally leads to market monopolies.
In project management, which of the following is a critical factor for ensuring project success?
In project management, which of the following is a critical factor for ensuring project success?
- Strictly adhering to initial budgets regardless of emergent requirements.
- Effective communication and flexibility in planning. (correct)
- Delaying critical tasks until the final deadline.
- Ignoring stakeholder feedback during the planning phase.
Which of the following strategies best describes a sustainable approach to business growth?
Which of the following strategies best describes a sustainable approach to business growth?
- Prioritizing short-term profits over long-term relationships.
- Balancing economic performance with social responsibility. (correct)
- Minimizing investments in workforce development.
- Exclusively focusing on market expansion regardless of environmental impact.
What is the primary challenge when implementing technology in the workplace?
What is the primary challenge when implementing technology in the workplace?
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What should be the main focus when developing a marketing strategy?
What should be the main focus when developing a marketing strategy?
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