According to the Textbook, the Three Important Things That a Business

question 32

Multiple Choice

According to the textbook, the three important things that a business can do to prepare for growth are ________.

• A) plan for growth, adopt a growth-oriented business model, and stay committed to a core strategy
• B) appreciate the nature of business growth, stay committed to a core strategy, and plan for growth
• C) develop a viral marketing campaign, stay committed to a core strategy, and adopt a growth-oriented business model
• D) develop business partnerships, diversify beyond the company's core strategy, and appreciate the nature of business growth
• E) retain or hire one or more business growth consultants, diversify beyond the company's core strategy, and plan for growth

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Definitions:

Social Security Taxes

Taxes collected by governments to fund social security programs, including retirement benefits, disability insurance, and survivor benefits.

Automatic Stabilizers

Economic policies and programs that automatically adjust to counteract economic fluctuations without additional government action.

Real GDP

Gross Domestic Product adjusted for inflation, measuring the value of goods and services produced in a country using constant prices.

Balanced Budget Amendment

A proposed amendment to a government's constitution that requires the annual budget to be balanced, so that expenditures do not exceed revenues.