Business Life Cycle Stages Questions and
Answers
7 - answer There are ___ stages in a business life cycle.
Existence stage - answer The first stage of the business life cycle marked by the
business being in operation but not yet stable in terms of markets, operations, or
finances.
Survival stage - answer period when revenues start to grow and help pay some, but
typically not all, of the expenses
Success stage - answer The third stage of the business life cycle marked by the firm
being established in its market, operation, and finances.
Take-off stage - answer a period of economic growth accompanied by a growing
belief in individualism, competition, and achievement
Resource Maturity stage - answer an owner decides whether to continue growing the
business or to sell the business
Pivot or Persist - answer When an owner decides if they'll continue to grow the
business into a large company or pivot to a new project.
Exit Plan stage - answer Owners make a profit from selling their ownership in a
successful company.
Answers
7 - answer There are ___ stages in a business life cycle.
Existence stage - answer The first stage of the business life cycle marked by the
business being in operation but not yet stable in terms of markets, operations, or
finances.
Survival stage - answer period when revenues start to grow and help pay some, but
typically not all, of the expenses
Success stage - answer The third stage of the business life cycle marked by the firm
being established in its market, operation, and finances.
Take-off stage - answer a period of economic growth accompanied by a growing
belief in individualism, competition, and achievement
Resource Maturity stage - answer an owner decides whether to continue growing the
business or to sell the business
Pivot or Persist - answer When an owner decides if they'll continue to grow the
business into a large company or pivot to a new project.
Exit Plan stage - answer Owners make a profit from selling their ownership in a
successful company.
