Question

Dale has set up his own business. He now needs funds to buy a new machine to cater to those consumers whose needs could not be met earlier due to lack of infrastructure and funds. Which stage is his business in?

A.
seed stage
B.
growth stage
C.
maturity stage
D.
decline stage


The correct answer is growth stage

Answer 1

Answer ls B 1089378837739363

Answer 2

The answer is B

Explanation:

The preceding two stages are development stage and startup stage. In growth stage one should first focus on fine tuning the business model and by finding ways for operational inefficiencies. Dale has actually already identified the inefficiency which is new machines and non being able to cater to some customers due to lack of machines. In this exact stage businessman try to grow the business by analyzing the main profit drivers and the finding ways to grow the profit driver with less cost