Stage 3 in the Growth of a Business Is Characterized

question 12

Multiple Choice

Stage 3 in the growth of a business is characterized by

• A)a one-person operation.
• B)hands-off management practices.
• C)multi-layered organization.
• D)the entrepreneur as a player-coach.

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Definitions:

Inherit Wealth

Receiving assets, money, or property from a deceased person's estate based on legal succession or a will.

Social Stratification

A system by which society ranks categories of people in a hierarchy based on factors like wealth, income, race, education, and power, affecting their access to resources and opportunities.

Swept Away

Completely removed, eliminated, or overtaken by a powerful force.

Access to Resources

The ability or permission to approach, use, or benefit from assets or services that are necessary for well-being or economic production.