A Method of Doing Business by Which a Company Generates

question 42

Multiple Choice

A method of doing business by which a company generates revenue to sustain itself and achieve its goals best describes

• A) strategic plan.
• B) mission statement.
• C) business model.
• D) marketing plan.

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Definitions:

Narrow Training

A focused approach to skill development in which individuals are taught specific skills for a limited set of tasks, without broader context or applications.

Hierarchy Of Authority

refers to the ranked structure within an organization where each level is subordinate to the one above it.

Centralization

The process or organizational structure where decision-making authority is concentrated at the top levels of management.

Discretion

The power or right to make decisions based on one's own judgment rather than following a strict set of rules.