Which of the following is true about the final stage of the growth pattern that small businesses tend to follow?

Question

Quizplus · Accepted Answer

The final stage of the growth pattern for small businesses is characterized by the owner hiring managers to run the firm. This allows the owner to step back from day-to-day operations and focus on long-term strategy and growth. Option A is incorrect because it is characteristic of the early stages of a small business when the owner is performing all tasks. Option B is a later stage where the owner hires more employees but still manages the company. Option D is not a typical approach in the final stage, as outsourcing supervisory work can be costly and may not provide the necessary level of control for the owner.

Which of the Following Is True About the Final Stage