Importance of Strategy Chapter 1

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson
Download our mobile app to listen on the go
Get App

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

Flashcards are hidden until you start studying

More Like This

Use Quizgecko on...
Browser
Browser