Asked by Bianca Benincasa on Apr 25, 2024
Verified
During the ______ stage of business growth, the greatest concerns are to consolidate and control the finances and to professionalize the organization.
A) survival
B) success
C) takeoff
D) resource maturity
Resource Maturity
The stage of development at which resources, such as technology or human skills, reach their highest potential of efficiency and effectiveness.
Survival
The ability of an entity, such as a business or organism, to continue living or operating despite challenging conditions or threats.
Success
The accomplishment of an aim or purpose, often measured by specific criteria in various contexts such as personal goals, business achievements, or academic performance.
- Acknowledge the sequences of business advancement and the hurdles relevant to every stage.
Verified Answer
JV
Julia Vásquez5 days ago
Final Answer :
D
Explanation :
During the resource maturity stage, a business focuses on consolidating and controlling its finances and professionalizing the organization. This stage follows the initial phases of start-up, survival, and success/growth, and it is characterized by a need for more structured and formal management processes.
Learning Objectives
- Acknowledge the sequences of business advancement and the hurdles relevant to every stage.