What Is One Way to Ease the Burden of Managing

question 53

Multiple Choice

What is one way to ease the burden of managing a business?

• A) Operate the business 20 hours a week.
• B) Hire outside consultants.
• C) Do all the work yourself and hire no employees.
• D) Keep minimal inventory on hand.

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Definitions:

Strategy Implementation

The process of putting a chosen strategy into action to achieve an organization's goals and objectives.

Mobilising Resources

The process of identifying, acquiring, and managing the resources needed to achieve specific objectives.

Evaluating Results

The process of analyzing the outcomes of actions or experiments to determine their effectiveness and the extent to which they met the intended objectives.

Industry Analysis

The review and evaluation of the current condition and future prospects of a particular industry sector.