Asked by Yomairi Santana on Jul 14, 2024

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___ 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.
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JT
JADIAMOND THOMASJul 18, 2024
Final Answer :
C
Explanation :
Lack of expertise implies that the business owner does not have the necessary skill-sets to operate the business effectively. This could lead to poor financial management, purchasing, selling, or production decisions, and ultimately, failure of the business.