ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The seed phase, also known as the pre-commercialization stage, is the proof-of-concept stage in which a business idea is tested for its viability. At this stage, the basic research may have been completed, but the commercial capabilities are not yet proven.

Detailed explanation-2: -Identify Your Place in the 4 Stages of Business Growth Startup. Growth. Maturity. Renewal or decline.

Detailed explanation-3: -Step 1 – Initial Idea Exploration, Identification and Assessment. Step 2-Idea/Concept and Scenario/Model Deliberation and Assessment. Step 3-Go/No-Go Decision. Step 4 – Business Plan Preparation and Implementation. Step 5 – Business Operations. Conclusion.

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