Question

Explain five stages of a business life cycle

Answer 1

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Business life cycle is the progression of a business and its phases over time and is most commonly divided into five stages: launch, growth, shake-out, maturity, and decline.

5 Stages:

o  Development stage. If you decide your business idea is           worth developing, the next step is to put together a business plan.

o Start-up stage.

o Growth stage.

o Expansion stage.

o Maturity stage.

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