BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The final stage consists of three possible outcomes. Renewal: New areas of growth cause increased sales and profits. Steady State: A continuing state of maturity. Decline: Profits begin to fall as a result of poor management, often a direct result of a drop in sales or excess expenses.

Detailed explanation-2: -The post-maturity phase is the final stage of the business life cycle. Typically, the business has failed to respond to increased competition and is haemorrhaging market share. This phase is characterised by falling sales and loss of market share. The business soon becomes unprofitable and cash flow problems emerge.

Detailed explanation-3: -In this phase, business owners step back to reassess their businesses. They look for growth opportunities and ways to realize them. The idea is to breathe new life and relevance into the business which often makes the renewal phase a time for creativity, exploration, experimentation, and innovation.

Detailed explanation-4: -the final stage of the product life cycle (after introductory stage, growth stage and maturity stage) when sales are dropping because the original need and want have diminished or because another product innovation has been introduced.