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The statement says growth happens only by opening new branches. What is correct?

Answer and explanation

Correct answer: Incorrect, because growth can also occur through increases in sales, customer base, production capacity or market share

Growth is an important organisational objective of management. It is not limited to opening new branches; an increase in sales, customer base, production capacity, market share or profitability may also indicate organisational growth. Opening a new branch is one method of achieving growth, not the only method. Exam tip: Test statements containing absolute words such as “always” and “only” against other possible methods.

Related tags

Management ObjectivesOrganisational GrowthBusiness GrowthMarket ShareClass 12 Business StudiesObjectives Of ManagementNature And Significance Of ManagementBusiness Studies

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