Which of the Following Statement Is Not True Regarding the Day-To-Day

question 49

Multiple Choice

Which of the following statement 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:

Katz's Model

A theory developed by Robert Katz that identifies three essential skills for effective leadership: technical, human, and conceptual.

Technical Skills

The expertise and competence required to perform specific tasks, often involving practical use of complex systems or equipment.

Skills Model

A framework that identifies a set of capabilities or skills critical to effective leadership, often including technical, conceptual, and human skills.

Competency

A measurable pattern of knowledge, skills, abilities, behaviors, and other characteristics that an individual needs to perform work roles or occupational functions successfully.