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Questions and Answers
What is the primary focus of business administration?
What is the primary focus of business administration?
- Developing marketing campaigns
- Managing day-to-day business operations (correct)
- Managing financial investments
- Negotiating international trade agreements
Which of the following tasks is NOT typically associated with business administration?
Which of the following tasks is NOT typically associated with business administration?
- Financial analysis and reporting
- Strategic planning and decision-making
- Product design and development (correct)
- Human resource management
Why is understanding business administration important for entrepreneurs?
Why is understanding business administration important for entrepreneurs?
- To focus solely on product innovation
- To manage the overall business activities efficiently (correct)
- To outsource all business functions effectively
- To minimize the need for financial planning
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