ECONOMICS
BUSINESS CYCLES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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seed
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post-matuirty
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maturity
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growth
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Detailed explanation-1: -Saturation Stage Marketing Strategy When the market has become saturated, you’ll need to focus on differentiation in features, brand awareness, price, and customer service. Competition is highest at this stage, so it’s critical to leave no doubt regarding the superiority of your product.
Detailed explanation-2: -Phase Four: Maturity Due to the elimination of business risk, the most mature and stable businesses have the easiest access to debt capital.
Detailed explanation-3: -Maturity When sales begin to level off from rapid growth, you’re entering the maturity stage. You may have to reduce prices to stay competitive. Now, your marketing campaigns focus on differentiation instead of awareness, pointing out your superior product features.
Detailed explanation-4: -Whether you are a new business owner or have run your small business for years, it is wise to familiarize yourself with the five cycles of change: startup, growth, maturity, transition and succession.