BUISENESS MANAGEMENT
MARKETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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post-maturity, post-maturity, establishment, growth
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maturity, post-maturity, establishment, growth
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establishment, maturity, growth, post-maturity
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establishment, growth, maturity, post-maturity
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Detailed explanation-1: -The business life cycle is the progression of a business in phases over time and is most commonly divided into five stages: launch, growth, shake-out, maturity, and 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: -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-4: -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.