Which consideration is most relevant for a startup manufacturing company?
A)Short-term decisions regarding production.
B)Implications that arise from people outside the firm such as customers, suppliers, and suppliers.
C)Qualitative aspects of decisions.
D)Decisions that cause profit to be highest in the short-run

Question

Quizplus · Accepted Answer

For a startup manufacturing company, implications arising from people outside the firm such as customers, suppliers, and regulators are most relevant. These external factors can have a major impact on the success or failure of the company's operations and therefore need to be carefully considered in decision-making. Short-term decisions regarding production may not necessarily lead to long-term success, and qualitative aspects of decisions may not be as important as getting the product to market and generating revenue. Similarly, decisions that prioritize short-term profits may not be sustainable over time. Therefore, it is essential that startup manufacturing companies prioritize external factors when making strategic decisions.

Which Consideration Is Most Relevant for a Startup Manufacturing Company