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What Does a Start-Up Company Need in Order to Estimate

question 21

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What does a start-up company need in order to estimate the required size of a plant,store,or office,to decide how much inventory to carry,and to determine how many employees to hire?


Definitions:

Objectives

Specific, measurable goals that an individual or organization aims to achieve within a certain timeframe.

Organizational Control Systems

Mechanisms put in place by a business to monitor, manage, and steer the organization toward its strategic objectives.

Strategies and Plans

Strategies and plans entail the deliberate actions and roadmaps that organizations or individuals set to achieve specific long-term objectives and goals, including the allocation of resources and timelines.

Evaluation-reward System

A structured process where an organization assesses the performance of its employees and provides rewards based on the outcomes, aiming to motivate and increase effectiveness.

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