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Discuss the challenges that an entrepreneur faces in designing the new operation's physical facilities.
Development
The process of growth, progress, or improvement in a particular area, often over time.
Performance Potential
Refers to the maximum level of productivity or achievement that an individual or group can attain under ideal circumstances.
Base Remuneration
Is a salary or hourly wage paid to an individual.
Fringe Benefits
Additional benefits supplementing an employee's salary, such as health insurance, paid vacations, and retirement plans, which are not paid directly as cash to an individual.
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