What Do We Call a Venture That Has Started Successfully

question 17

Multiple Choice

What do we call a venture that has started successfully, figured out its business model, and has expanded its customer base and product or service offerings?

• A) A venture concept
• B) A prototype
• C) A scaled-up venture
• D) An early startup

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Definitions:

Human Resources Planning

The process of forecasting an organization's future human resources needs and developing strategies to fulfill those needs.

Strategic Planning

The process of defining an organization's direction and making decisions on allocating its resources to pursue this strategy.

HRP Model

Human Resource Planning Model; a strategic process used by organizations to align their human resource needs with their business goals.

Internal Fit

Refers to the alignment between an organization's human resources strategies, policies, and practices with its overall business strategy to create cohesiveness and enhance performance.