Which of the Following Is a Benefit of Developing a Small-Business

question 18

Multiple Choice

Which of the following is a benefit of developing a small-business estrategy?

• A) less need for "traditional" marketing
• B) improved accounting practices
• C) increased competition
• D) improved customer responsiveness
• E) lowered staff expenses

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Definitions:

Judgment

The ability to make considered decisions or form opinions through the evaluation of available evidence and reasoning.

Participative Leadership

A leadership style where decision-making is shared among group members to encourage employee involvement in organizational decisions.

Advantages

The beneficial aspects or positive effects that contribute to success or achieving a goal.

Problems

Situations that require solutions or understanding to overcome difficulties.