ECONOMICS
BUSINESS CYCLES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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maturity
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seed
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growth
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start-up
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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.
Detailed explanation-2: -Maturity. After several years in business, your company may hit a stage of maturity when it’s more stable and profitable. This is the third stage in the life cycle of a business. When you first started your business, you may have taken a limited salary.
Detailed explanation-3: -If your product or service makes it to the maturity stage, this should be the longest part of its product life cycle. At this stage, you will probably notice that: you may need to enhance product features to make it more appealing than competitors’ you may need to lower your pricing due to increased competition.
Detailed explanation-4: -Stage 1: Seed and development. So, you’ve had a great idea for a business ‘ congratulations! Stage 2: Startup. Stage 3: Growth and establishment/survival. Stage 4: Expansion. Stage 5: Maturity and possible exit. 11-Nov-2019