The Main Challenges for a Business in the Introduction Stage

question 74

Multiple Choice

The main challenges for a business in the introduction stage of the organizational life cycle is to:

• A) beginning the process of transitioning the owner from a hands-on supervisor to a more managerial role and developing business partnerships
• B) developing business partnerships and making sure the initial product or service is right
• C) determining whether the owner of the business and the current management team is capable of taking the business further and developing systems and procedures
• D) developing systems and procedures and beginning the process of transitioning the owner from a hands-on supervisor to a more managerial role
• E) make sure the initial product or service is right and start laying the groundwork for building a larger organization

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Definitions:

Moderate

A term indicating a middle or average degree of intensity, quality, or quantity.

Circumference

The linear distance around the edge of a circle or circular object.

Weight

A measure of the gravitational force exerted on an object, typically measured in units like kilograms or pounds.

Nonlinear

Not forming a straight line; describes relationships in which change in one quantity does not produce a proportional change in another.