Exam (elaborations)
ESB Business Life Cycle Questions with Accurate Answers 2024
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ESB Business Life Cycle
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ESB Business Life CycleExistence - answer Starting off; business is starting
survival (of the fittest) - answer creating a good customer base; money starting to come
in
success - answer steady money is coming in
take- off - answerstart to make a profit
Resource Maturity - answerThe most typical fourth stage of the small business
Characterized by relatively stable or slowly rising sales and profits over several years.
products/ services are becoming out of date
Pivot or persist - answerEITHER:
need to change to something more successful
OR
keep doing what's working
exit plan - answerThe strategy for leaving an investment and realizing the profits of such
investment.
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