At the Beginning of Every Month, the Owners of a Small

question 114

Multiple Choice

At the beginning of every month, the owners of a small bakery define the major objectives for that month (for example, the profit needed for that month) . They also try to anticipate any problems or issues that could prevent them from reaching their objectives, and create a plan of action if needed. At the end of the month, they check to see if they met their objectives. Creating such good plans, will help them to

• A) make sure their business is always successful.
• B) ensure they are always prepared.
• C) keep a results-driven sense of direction.
• D) identify opportunities.
• E) be better organized.

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Definitions:

Urbanization

The process by which towns and cities grow and more people begin to live and work in urban areas, often associated with changes in lifestyle, economy, and environment.

Paternalistic Policies

Government policies that are designed to regulate and intervene in people's lives in a manner that is intended to be in their best interest, analogous to a paternal relationship.

Industrialists

Entrepreneurs or business owners in the industrial sector, who played a significant role in the development and expansion of industries during the Industrial Revolution.

Avant-Garde

Innovative, pioneering work, particularly in the arts, that challenges established norms and practices, often aiming to push the boundaries of cultural expression.