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:

Question

Given below are two statements:
Statement I: People's attitudes have changed over the years leading to involvement of State (Government) in businesses globally.
Statement II: Increasing technicality is leading to State (Government) to make interventions in businesses globally.
In the light of the above statements, choose the most appropriate answer from the options given below:

Answer 1

Scaling up requires:
(A) Recruiting and retaining competent staff to manage expanded operations.
(B) Obtaining funding from investors who share the company's objectives.
(C) Efficiently managing time to handle multiple processes.
(D) Evaluating market opportunities to determine optimal timing for expansion.
(E) The business idea itself is not directly related to scaling.

List I	List II
(A) Manager	(1) Value addition
(B) Retailer	(II) Gets the work done
(C) Entrepreneur	(III) Works on existing business model
(D) Business Man	(IV) Calculate risk taking

The Correct Option is C

Solution and Explanation

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