Business life cycle Flashcards
1
Q
Establishment
A
Starting up, high failure rates, minimal employees, sole trader or partnership
2
Q
Growth
A
Development of new products, sales increases, private or public company - incorporated
3
Q
Maturity
A
Rate of growth slows, work team, costs slow to respond to market demand
4
Q
Post maturity
A
Sales increase over time, market research and develop new products
5
Q
What are the 3 things inside post maturity
A
steady rate, decline and renewal
