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Complacency amongst management normally occurs in the...

What is the 2nd phase in the business life cycle?

Business Life Cycle

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Business Life Cycle Revision

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Questions 10

Answers

1
What is the 2nd phase in the business life cycle?
Growth
Maturity
Establishment
Cessation
2
Complacency amongst management normally occurs in the...
Establishment stage
Post-maturity stage
Maturity stage
Growth stage
3
Cash flow is a usual problem in the establishment stage...
True
False
4
What is the 3rd stage of the Business Life Cycle?
Maturity
Pre-Pre-Maturity
Post-Maturity
Pre-Maturity
5
Social and ethical responsibility of a business refers to...
a business's responsibility to both its internal & external
a business's responsibility only to its internal stakeholder
a business's responsibility to its employees
a business's responsibility only to its shareholders
6
What is the fourth stage in the business life cycle?
Cost
Growth
Maturity
Post-maturity
7
The person who risks their time, energy and money to start a business is called...
a financier
an employer
an innovator
an entrepreneur
8
Businesses are important to the Australian Economy because...
they provide goods and services to consumers
provide employment for millions of people
doesn't contribute to Australia's GDP
all of the above
9
What is the first stage in the business life cycle
Begininning
Start
Establishment
Growth
10
A business is...
any activity undertaken by people
none of the above
only motivated by maximising profits
the organised effort of individuals to produce and sell