What term describes the ability to survive or continue in operation?

Study for the NCEA Level 1 Business Studies Test. Engage with interactive questions, complete with hints and detailed explanations. Prepare effectively for your exam!

The term that describes the ability to survive or continue in operation is sustainability. In a business context, sustainability refers to the capacity of an organization to maintain its functions and growth over time, ensuring that it can persist and thrive in the face of challenges. This concept encompasses not just financial stability but also considerations of social and environmental impact, allowing a business to address long-term goals while being responsible to its stakeholders and the planet.

Viability, while closely related to sustainability, specifically refers to whether a business can operate effectively and generate sufficient returns. It’s more focused on the current operations rather than the broader implications for long-term survival and responsible management. Profitability pertains to the ability to make a profit, which is a crucial aspect but does not encompass the full scope of what it means to sustain operations over time. Endurance suggests the ability to last or withstand challenges but does not specifically imply the comprehensive approach to managing resources and impacts that sustainability entails. Thus, sustainability is the most fitting term for the ability to survive and continue operations holistically.

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