ECONOMICS
BUSINESS CYCLES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is not a stage in the business life cycle?
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Growth
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Seed
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Expansion
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Post-Maturity
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Explanation:
Detailed explanation-1: -Identify Your Place in the 4 Stages of Business Growth Startup. Growth. Maturity. Renewal or decline.
Detailed explanation-2: -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.
Detailed explanation-3: -Peak is the true answer because it is not one of the product life cycle phases.
Detailed explanation-4: -The expansion stage of a company’s development is when all of the hard work from the early stage, generally product development and customer development, can morph into a great company if the phase is managed well.
There is 1 question to complete.