Work sheet-07 7.1 Think and say: In which business development stage I am: 1 1) I can exchange goods, which I am in need ....bonden. Sust Lyst 2) Collection of food, leads vagabond life. 3) Rearing animals, moves one place to another. 4) Travels from one country to another country for trade pur 5) Stay at home and prepares agricultural equipments.
Answers
Answer:
The four stages of business development are:
1. Startup
2. Growth
3. Maturity
4. Decline or Renewal
Explanation:
In the first point "I can exchange goods, which I am in need" is the Decline or Renewal stage. Here the decline stage is reached where goods that are not giving profits can be exchanged with the ones that may be of use or render to be profitable in future in return of other products that are needed.
In the second point "Collection of food, leads vagabond life" is the Maturity stage, here the maturity of business has reached it's limit and collection of profits is taking place at this stage leading to vagabond life or the life of enjoyment.
In the third point "Rearing animals, moves one place to another." is the startup stage, because here testing the waters is going and to get the basic funds person is moving from one place to another.
In the fourth point "Travels from one country to another for trade purpose" is a growth stage, because here the person wants to grow the business and is travelling for more clients/customers and to advertise the brand/product.