A small management-consulting firm experiences a tremendous boost in business in one year and must hire many new professional employees to provide services to its new customers. This business is likely following a ____ strategy.

Question

Quizplus · Accepted Answer

The fact that the business is experiencing a significant increase in demand and has to hire many new professional employees indicates that the business is pursuing a growth strategy to take advantage of the increasing demand for its services. The other options, such as stability or reduction, would not be consistent with this situation. The multinational option is also not relevant to the given scenario.

A Small Management-Consulting Firm Experiences a Tremendous Boost in Business