Business Life Cycle Stages

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What is the initial stage of the business life cycle?

Maturity Phase

Growth Phase

Decline Phase

Startup Phase (correct)

Which phase of the business life cycle involves rapid expansion?

Turnaround or Renewal Phase

Decline Phase

Maturity Phase

Growth Phase (correct)

What happens during the maturity phase of the business life cycle?

Rapid expansion

Introduction of new products or services

Stable growth and market penetration (correct)

Decline in sales and revenue

What is the characteristic of the decline phase in the business life cycle?

Decline in sales, revenue, and market relevance Signup and view all the answers

Which phase of the business life cycle involves revitalizing strategies like restructuring operations?

Turnaround or Renewal Phase Signup and view all the answers

What is the main focus of startups in the business life cycle?

Securing initial funding Signup and view all the answers

During which phase does a business need to invest in marketing and infrastructure?

Growth Phase Signup and view all the answers

What could lead to a decline in sales during the decline phase of the business life cycle?

Changes in consumer preferences Signup and view all the answers

In which phase do businesses typically hire more employees?

Decline Phase Signup and view all the answers

What is done by entrepreneurs during the startup phase of a business?

Conducting market research and creating a business plan Signup and view all the answers

Business Life Cycle Stages

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Questions and Answers

What is the initial stage of the business life cycle?

Which phase of the business life cycle involves rapid expansion?

What happens during the maturity phase of the business life cycle?

What is the characteristic of the decline phase in the business life cycle?

Which phase of the business life cycle involves revitalizing strategies like restructuring operations?

What is the main focus of startups in the business life cycle?

During which phase does a business need to invest in marketing and infrastructure?

What could lead to a decline in sales during the decline phase of the business life cycle?

In which phase do businesses typically hire more employees?

What is done by entrepreneurs during the startup phase of a business?

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