Elizabeth's ski wear business has its first profitable year.How should Elizabeth manage the growth of the business?
A) make a plan for new products,markets,and infrastructure
B) study the competition to mimic their every move
C) begin adding layers of management in anticipation of growth
D) keep doing what she is doing and the growth will come

Question

Quizplus · Accepted Answer

It's important for Elizabeth to plan for the growth of her business by considering new products or expanding into new markets, as well as ensuring the infrastructure of the business can support growth. Mimicking the competition or adding layers of management without a strategic plan may not lead to sustainable growth. While continue doing what she is doing may result in some natural growth, it's still important to have a plan in place to ensure that growth can be handled properly.

Elizabeth's Ski Wear Business Has Its First Profitable Year