Discuss What a Prudent Businessperson Should Do Prior to Beginning

question 37

Essay

Discuss what a prudent businessperson should do prior to beginning operations of a small business that will conduct its business through electronic transactions?

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Definitions:

Chain Of Command

The linking of all employees with successively higher levels of authority.

Vertical Links

The connections and communications between different levels of an organization, from top management to lower-level employees.

Levels Of Management

The hierarchical layers of authority within an organization, including top-level executives, middle managers, and front-line supervisors.

Adaptive Organizations

Organizations that are capable of adjusting and evolving in response to changing market conditions, challenges, and opportunities.