Asked by Mojeed George on Jun 16, 2024
Verified
Which of the following best describes lack of commitment?
A) not having enough funding to maintain operations while still building the business and gaining access to customers and markets
B) not having sufficient know-how to run a business in the chosen market or geographical area
C) not having expertise in the essentials of business operations, including finance, purchasing, selling, and production
D) falling prey to the temptations of fraud, deception, and embezzlement
E) not devoting enough time to the requirements of running a competitive business
Lack of Commitment
A situation where individuals or groups show a reluctance to dedicate effort or resources towards a particular goal or task.
Competitive Business
A company that successfully maintains or improves its position in the market by offering superior products, services, or value propositions compared to its rivals.
Requirements
Specified necessities or conditions that must be met or complied with.
- Apprehend the effects of inadequate experience, knowledge, and commitment on the operations and achievement of businesses.
Verified Answer
Learning Objectives
- Apprehend the effects of inadequate experience, knowledge, and commitment on the operations and achievement of businesses.
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