Rapid growth is desirable amongst consumer service firms for the following reasons:
A) New services concepts are easily copied
B) There is low risk among competitors
C) Sites are difficult to find
D) A & C only
E) B & C only

Question

Quizplus · Accepted Answer

Rapid growth is desirable among consumer service firms because new service concepts are easily copied, making it important to secure market share quickly. Additionally, finding suitable and profitable sites for expansion can be difficult, making it important to grow while opportunities are available. However, there is typically high risk among competitors, making it important to carefully manage growth and establish a strong market position.

Rapid Growth Is Desirable Amongst Consumer Service Firms for the Following