When It Comes to Growth,management Often

question 2

Multiple Choice

When it comes to growth,management often

• A)injects their personal funds to finance growth
• B)puts more merchandise on the shelves and hopes for the best
• C)seeks guidance from suppliers for growth strategies
• D)overlooks the importance of planning

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Definitions:

Milton Friedman

was an American economist known for his strong belief in free-market capitalism and for being a leading proponent of monetarism.

Economic Responsibility

Refers to the duty of organizations to make decisions that benefit the financial health of both the company and the wider economy.

Strategy

A plan of action designed to achieve a long-term or overall aim, often involving positioning a business for competitive advantage.

Economic Environment

The combination of economic factors that impact the operation and performance of businesses, including inflation, employment rates, economic policy, and market demand.