Importance of Strategy Chapter 1
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Questions and Answers

Benefits of growing your business include the opportunity to reach full ______

potential

Challenges of growing a business include rise in community expectations and ______

demands

Not growing your business may result in limited ______ of economies of scale

advantages

Internal environment factors are within the entrepreneur's ______

<p>control</p> Signup and view all the answers

One effect of not growing your business is a lower ______

<p>status</p> Signup and view all the answers

Growing your business provides an opportunity to contribute more to the ______

<p>economy</p> Signup and view all the answers

Dealing with uncontrollable volatile environmental forces is a challenge of growing a ______

<p>business</p> Signup and view all the answers

Failure to attract qualified staff is an effect of not growing your ______

<p>business</p> Signup and view all the answers

One challenge of growing a business is relations with family and friends may ______

<p>suffer</p> Signup and view all the answers

By not growing your business, you may limit your capacity and ______

<p>initiative</p> Signup and view all the answers

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