Scaling Up a Business Requirements
CMAT 2024 · Innovation & Entrepreneurship · Medium · Innovation and Entrepreneurship
Scaling up of a business requires a firm to take care of following things : (A) Hiring, retaining and motivating qualified employees (B) Finding investors who share same goals (C) Time management and work assignment ability (D) Adequate market potential and opportune time (E) Business idea experiencing
Choose the correct answer from the options given below:
- A.
(A), (B), (D) and (E)
- B.
(B), (C) and (D) only
- C.
(A), (B), (C) and (D) only
- D.
(C), (D) and (E) only
C
Explanation
Scaling up requires hiring and retaining key talent (A), aligning with appropriate investors (B), effective time management and workforce delegation (C), and evaluating market potential (D). Experiencing the business idea (E) is relevant to the initial stages rather than scaling.
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