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The Owner of a Small Local Chain of Retail Stores

question 99

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The owner of a small local chain of retail stores that targets affluent women and carries eclectic lines of wrapping paper, stationery, invitations, and gifts, has expressed a strong desire to expand nationwide. According to McClelland's Learned Needs Theory, the owner has a need for _____.


Definitions:

Corporate Status

A legal status that allows a company to operate as its own legal entity, separate from its owners.

Charitable Donations

Voluntary contributions made to nonprofit organizations or causes without expectation of receiving something in return.

Closely Held Corporations

Corporations that have a small group of shareholders with no market for buying or selling company stock. They often involve family businesses.

General Public

Refers to the ordinary people in society who are not involved in any particular profession or specialized group.

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