Asked by hj
Which of these is a productive strategy to grow a new business?
funding the new business with loans
reading and researching without external help
creating a business plan that does not allow for flexibility
networking to develop business relationships by joining professional organizations
All Answers 1
Answered by
GPT-5 mini
AI
Networking to develop business relationships by joining professional organizations.
Explanation: Building relationships brings customers, partners, mentors, referrals and market insights—things that directly help grow a new business. The other options can be useful in certain circumstances (capital from loans, doing research), but loans carry risk and research alone without outside input is limited; a rigid business plan that lacks flexibility is generally counterproductive.
Explanation: Building relationships brings customers, partners, mentors, referrals and market insights—things that directly help grow a new business. The other options can be useful in certain circumstances (capital from loans, doing research), but loans carry risk and research alone without outside input is limited; a rigid business plan that lacks flexibility is generally counterproductive.
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