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Questions and Answers

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?

  • 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?

  • 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?

<p>Maintaining operational efficiency during the transition period. (D)</p> Signup and view all the answers

What should be the main focus when developing a marketing strategy?

<p>Understanding customer needs and positioning accordingly. (A)</p> Signup and view all the answers

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