Question
Nia's Eco-Friendly Cleaning Service is a small business that provides environmentally friendly cleaning solutions to both residential and commercial clients. Nia, the owner, has been very successful in growing her business over the past few years. She started with a modest budget, but instead of spending lavishly on expensive marketing campaigns or high-end office spaces, she chose to reinvest her profits into expanding her service offerings and improving the quality of her products. Nia also made sure to set aside a portion of her income for future business development, including hiring skilled employees and purchasing eco-friendly cleaning equipment that would reduce long-term costs.
Which aspect of management skill is responsible for Nia’s success?
A.
Importance of quality products and services
B.
Market orientation
C.
Ability to use income wisely
D.
Knowledge of competition
Which aspect of management skill is responsible for Nia’s success?
A.
Importance of quality products and services
B.
Market orientation
C.
Ability to use income wisely
D.
Knowledge of competition
Answers
GPT-4o mini
The aspect of management skill that is most responsible for Nia’s success is:
**C. Ability to use income wisely**
Nia's approach of reinvesting profits into expanding service offerings, improving product quality, hiring skilled employees, and purchasing eco-friendly equipment demonstrates her ability to manage and allocate her income effectively for long-term growth and sustainability.
**C. Ability to use income wisely**
Nia's approach of reinvesting profits into expanding service offerings, improving product quality, hiring skilled employees, and purchasing eco-friendly equipment demonstrates her ability to manage and allocate her income effectively for long-term growth and sustainability.