Which of the Following Statements Is NOT True Regarding the Day-To-Day

question 13

Multiple Choice

Which of the following statements is NOT true regarding the day-to-day challenges of growing a firm?

• A) As a firm grows, it requires a decreasing amount of cash to service its customers.
• B) If firm growth comes at the expense of a competitor's market share, price competition can set in.
• C) Most businesses, regardless of their industry, need capital from time to time to invest in growth-enabling projects.
• D) Although most businesses are started fairly inexpensively, the need for capital is typically the most prevalent in the early growth and continuous stages of the organizational life cycle.
• E) One of the most difficult challenges that businesses encounter as they grow is maintaining high levels of quality and customer service.

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Definitions:

Strategic Plan

A systematic process of envisioning a desired future and translating this vision into broadly defined goals or objectives and a sequence of steps to achieve them.

IS Development Projects

Initiatives undertaken to design, develop, and implement information systems that meet the strategic and operational needs of a business.

Organization Strategic Plan

An Organization Strategic Plan is a document that outlines an organization's long-term goals and the strategies it will use to achieve them.

IS Strategic Plan

Information Systems Strategic Plan; a document outlining an organization's strategy regarding the use and management of information systems to achieve its business goals.