business life cycle

Question 1

define the seed stage

Answer 1

the beginning of the business, when it is just an idea

Question 2

define the start-up stage

Answer 2

the idea is developed into products/services needed in the market

Question 3

define the growth stage

Answer 3

the business is either expanding into new markets or establishing its presence.

Question 4

define the maturity stage

Answer 4

the business is experiencing slower growth and stable yearly profits.

Question 5

define the post-maturity stage

Answer 5

the business will either be in a steady state, decline, ceasation or renewal and will need to be dealt with accordingly

Question 6

what are the four possible outcomes in post-maturity

Answer 6

steady state
decline
ceasation
renewal

Question 7

characteristics of the maturity stage

Answer 7

slowed growth and market share (longest stage)
increased competition
invest in new products– cutting costs

Question 8

characteristics of growth stage

Answer 8

rapid growth
establishing customer base/loyalty
paying back loans
bulk buying to decrease costs

Question 9

characteristics of start-up stage

Answer 9

riskiest stage

must create necessary cash-flow