The business cycle represents the various stages a company goes through as it grows and adapts to changes in the market. Identify the appropriate phase of the business cycle to com... The business cycle represents the various stages a company goes through as it grows and adapts to changes in the market. Identify the appropriate phase of the business cycle to complete the sentences.
Understand the Problem
The question is asking to identify the appropriate phases of the business cycle to fill in the blanks in the given statements about company growth and market adaptation.
Answer
1. growth, 2. peak, 3. stability
The answers are: 1. growth phase, 2. peak phase, 3. stability phase.
Answer for screen readers
The answers are: 1. growth phase, 2. peak phase, 3. stability phase.
More Information
The growth phase is characterized by a rapid increase in activity and market presence. The peak phase is the highest point of sales and profitability, with limited room for expansion. Stability, or maturity, occurs when growth stabilizes.
Tips
A common mistake is confusing the growth phase with the peak phase, as both involve development but have distinct characteristics of pace and capacity limits.
Sources
- Economic Cycle: Definition and 4 Stages of the Business Cycle - investopedia.com
- Business Cycle: What It Is, How to Measure It, and Its 4 Phases - investopedia.com
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