ECONOMICS
BUSINESS CYCLES
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Detailed explanation-1: -Every business goes through four phases of a life cycle: startup, growth, maturity and renewal/rebirth or decline. Understanding what phase you are in can make a huge difference in the strategic planning and operations of your business.
Detailed explanation-2: -Manage the five stages of a business life cycle with technology. So, what are the five stages of a business life cycle? Whether you’re at seed, startup, growth, expansion or exit, you’ll need to have strong entity management and an ability to interrogate real-time entity data that you know is accurate and up to date.
Detailed explanation-3: -The 4 stages of the product life cycle are introduction, growth, maturity, and decline. Learn how to leverage this into your business strategy.
Detailed explanation-4: -It is referred to as the product life cycle or PLC. It (PLC) identifies and explains four stages of product development-introduction, growth, maturity, and decline.