Greg owns a local ice cream store. His business started small, but over the years, word of mouth brought more people into town to try his delicious homemade ice cream. Since business is booming, Greg has decided to expand his business and open three additional stores in surrounding towns. What does growth like this require in terms of structure?

The correct answer is: Growth requires developing a formal structure to function efficiently.

Explanation:

Successful small businesses might be required to expand at a certain point in operations as a result of increasing demand. In such cases, owners of the organizations should establish a formal structure because the hierarchy of most small businesses only includes the owner and the employees. However, more personnel is to be hired in front of expansions which implies adding layers in the business hierarchy and units as much as necessary to handle operations on a large scale.

you had the wrong answer

answer; operating revenues;