Asked by Dustin Hansen on Apr 28, 2024
Verified
The ability to build a business beyond a sole proprietor business to one that can grow with the right resources and people while building equity for you and your investors is known as ____.
A) leveraging
B) strategic differentiation
C) scalability
D) break-even analysis
Sole Proprietor
A business owned and run by one individual where there's no legal distinction between the owner and the business entity.
Scalability
The capability of a system, business model, or product to handle a growing amount of work or to be enlarged to accommodate that growth.
Equity
The value of an ownership interest in property or businesses, after deducting debts and liabilities.
- Comprehend the concept of scalability in business growth and its importance for entrepreneurs and investors.
Verified Answer
Learning Objectives
- Comprehend the concept of scalability in business growth and its importance for entrepreneurs and investors.
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