Asked by Marcell Randall on May 10, 2024

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More time will be spent by the business owner performing the basic tasks of running the business, such as cleaning machinery, as the business is beginning than will occur later in the life cycle of the business.

Life Cycle

The life cycle encompasses the series of stages that an organism, product, or project goes through from its initiation or birth to its decline or end.

Business Owner

An individual or entity that legally possesses a company, making key decisions and overseeing its operations.

Basic Tasks

Fundamental or primary duties and activities required to accomplish objectives, often forming the foundational work needed in various contexts, such as jobs or projects.

  • Pinpoint the essential stages of business evolution and the challenges present in each stage.
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Verified Answer

YH
Yolanda HornerMay 17, 2024
Final Answer :
True
Explanation :
In the early stages of a business, owners often take on a wide range of tasks themselves, including basic operational tasks like cleaning machinery, to keep costs down and because they may not have the resources to hire staff for these roles. As the business grows and becomes more established, the owner can delegate these tasks to employees, allowing them to focus more on strategic planning and growth.