Asked by Mario Alberto on May 04, 2024
Verified
Gina's Pizza has been in operation for three years, and the business has recently expanded to include multiple locations with a head manager at each location. Gina's Pizza is most likely in which business growth stage?
A) survival
B) success
C) takeoff
D) resource maturity
Business Growth Stage
The phase in a company's lifecycle where it experiences expansion through increased market share, customer base, or product lines.
Head Manager
The leading executive responsible for the strategic direction and overall management of an organization or specific unit.
Survival
The capability of living or continuing to exist under adverse or challenging conditions.
- Appreciate the phases of business progression and the challenges that accompany each phase.
Verified Answer
DO
Dr. Osama RababahMay 09, 2024
Final Answer :
C
Explanation :
The takeoff stage in business growth is characterized by rapid expansion, which often includes opening new locations and adding significant staff, such as head managers for each location, indicating that Gina's Pizza is in the takeoff stage.
Learning Objectives
- Appreciate the phases of business progression and the challenges that accompany each phase.