According to the textbook, the three important things that a business can do to prepare for growth are ________.
A) plan for growth, adopt a growth-oriented business model, and stay committed to a core strategy
B) appreciate the nature of business growth, stay committed to a core strategy, and plan for growth
C) develop a viral marketing campaign, stay committed to a core strategy, and adopt a growth-oriented business model
D) develop business partnerships, diversify beyond the company's core strategy, and appreciate the nature of business growth
E) retain or hire one or more business growth consultants, diversify beyond the company's core strategy, and plan for growth

Question

Quizplus · Accepted Answer

The textbook emphasizes that a business can prepare for growth by appreciating the nature of business growth, staying committed to a core strategy, and planning for growth. Option A is close, but misses the emphasis on appreciating the nature of growth. Option C is incorrect as it mentions developing a viral marketing campaign, which is not a foundational step for growth. Option D is incorrect as diversifying beyond the core strategy may lead to loss of focus and decreased effectiveness. Option E is incorrect as hiring consultants is not a foundational step and diversifying beyond the core strategy may lead to loss of focus.

According to the Textbook, the Three Important Things That a Business