Question

what are the challenges faced by the business in the second stage of the business life cycle?

Explain them each.


Please answer this question without the internet use a business textbook or just use the internet to help you get an idea but not copy that idea that's on the internet. Please use your knowledge for most of it.

Answer 1

Answer:

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. The cycle is shown on a graph with the horizontal axis as time and the vertical axis as dollars or various financial metrics.

Answer 2

Answer:

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

Explanation:

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