A corporation run by a team of managers with functional specializations and which successfully operates in one industry is said to be a
A) Stage I company.
B) Stage II company.
C) Stage III company.
D) Stage IV company.
E) Stage V company.

Question

Quizplus · Accepted Answer

A corporation with functional specializations and successful operation in one industry is typically a Stage II company. Stage I companies are typically led by an entrepreneurial founder, while Stage III, IV, and V companies are characterized by more complex structures and strategies, such as expansion into new markets or industries.

A Corporation Run by a Team of Managers with Functional