Does a healthy firm(one that is doing well) have to worry about effective management? Please explain
Does a healthy firm(one that is doing well) have to worry about effective management? Please explain
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Does a healthy firm(one that is doing well) have to worry about effective management? Please explain
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Introduction to the topic
Healthy firm -
A healthy firm is that firm which is in the good condition. The firm is in the maturity or growth stage and enjoying All the benefits of the organization. The firm is having a large market share and the good reputation in the market. The customer wants to purchase the product from that firm.
The firm will enjoy all the benefits from the market and earn profits. The firm are also able to expand its operation.
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