Which of the following statements best describes a "gazelle?"
a. A business with at least 20 percent growth every year.
b. A business with no sales growth.
c. A business that has acquired numerous firms.
d. An inventor turned business person.

A gazelle business refers to a rapidly growing company, typically characterized by experiencing at least 20 percent growth every year. These businesses are often young, innovative, and dynamic, quickly expanding their market presence.

For example, a start-up that doubles its revenue annually would be considered a gazelle business due to its rapid growth rate. Such firms play a significant role in driving economic development and job creation.

The term 'gazelle' in the business context highlights the agility and speed at which these companies grow in the market.

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Which of the following statements best describes a "gazelle?"a. A business with at least 20 percent growth every year.b. A business with no sales growth.c. A business that has acquired numerous firms.d. An inventor turned business person.

Answer :

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Other Questions

Which of the following statements best describes a "gazelle?"
a. A business with at least 20 percent growth every year.
b. A business with no sales growth.
c. A business that has acquired numerous firms.
d. An inventor turned business person.