In Order to Better Serve Their Customers,small Business Owners Should

question 310

True/False

In order to better serve their customers,small business owners should avoid delegating authority to their employees.
Successful small businesses often grow beyond the ability of the entrepreneur.Empowering employees produces highly motivated workers with higher job satisfaction.This helps to improve customer service and reduces the wear and tear on the owner-manager.

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Definitions:

Period of Time

A length or duration of moments which is measured in terms of seconds, minutes, hours, days, months, or years.

Capacity Decision

A determination made regarding the amount of production resources needed to meet expected demand.

Variable Costs

Costs that vary directly with the level of production or the volume of output.

Special Assumption

A specific condition assumed to be true for the purpose of a theoretical framework or model, which may not apply in all real-world situations.