Asked by Grant Messenger on May 11, 2024
Verified
The distinguishing characteristic of the takeoff stage of growth is that the business has been reduced to a single department with one supervisor.
Takeoff Stage
A phase in economic development or in the growth of a business when rapid growth is initiated, often following a period of investment or innovation.
Single Department
Refers to a unit or division within an organization that focuses on a specific area of operation or function.
- Familiarize yourself with the aspects and sequences of business advancement.
- Discriminate between the different growth phases of small businesses.
Verified Answer
AA
amirah awang anakMay 15, 2024
Final Answer :
False
Explanation :
The takeoff stage of growth is characterized by rapid growth, expansion of the market, and increased sales, not by the reduction of the business to a single department.
Learning Objectives
- Familiarize yourself with the aspects and sequences of business advancement.
- Discriminate between the different growth phases of small businesses.
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