10 Questions
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 ______
control
One effect of not growing your business is a lower ______
status
Growing your business provides an opportunity to contribute more to the ______
economy
Dealing with uncontrollable volatile environmental forces is a challenge of growing a ______
business
Failure to attract qualified staff is an effect of not growing your ______
business
One challenge of growing a business is relations with family and friends may ______
suffer
By not growing your business, you may limit your capacity and ______
initiative
Test your knowledge on why having a focus on strategy is crucial by identifying different strategic approaches for increasing profit margins and adding value to products. Challenge yourself with questions related to differentiation, low cost strategies, and brand loyalty.
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