Question

Place in order the development stages of a typical life cycle of a business starting with the first stage on top.

A) Introductory phase
B) Decline phase
C) Maturity phase
D) Growth phase

Answer 1

The correct order for the development stages of a typical life cycle of a business is introductory phase, growth phase, maturity phase, decline phase.

Step-by-step explanation:

The correct order for the development stages of a typical life cycle of a business, starting from the first stage on top, is:

1. Introductory phase
2. Growth phase
3. Maturity phase
4. Decline phase

In the introductory phase, a new business is launched and seeks to establish itself in the market.

During the growth phase, the business experiences rapid expansion and increasing sales.

In the maturity phase, the business achieves stability and reaches its peak performance.

Finally, in the decline phase, the business experiences a decline in sales and may struggle to sustain itself.