Asked by Yomairi Santana on Jul 14, 2024
Verified
___ implies that a business owner does nothave the skill-sets required in the essentials of business operations, including finance, purchasing, selling, or production.
A) Lack of experience
B) Insufficient financing
C) Lack of expertise
D) Ethical failure
E) Growing too fast
Lack of Expertise
A deficiency or shortage in the skill or knowledge required to perform specific tasks effectively.
Essentials of Business
Fundamentals and basic principles that govern the operation, management, and understanding of commercial enterprises.
Skill-Sets
A combination of abilities, techniques, and knowledge that an individual possesses to perform a specific task or job.
- Recognize the influence that a deficiency in experience, skills, and dedication exerts on business processes and outcomes.
Verified Answer
Learning Objectives
- Recognize the influence that a deficiency in experience, skills, and dedication exerts on business processes and outcomes.
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