11 BST 1.4 Business Life Cycle

11 BST 1.4 Business Life Cycle

11th Grade

20 Qs

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11 BST 1.4 Business Life Cycle

11 BST 1.4 Business Life Cycle

Assessment

Quiz

Business

11th Grade

Practice Problem

Medium

Created by

Amanda Cassegrain

Used 91+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Rapid increase in sales, cash flow problems, competitors attracted to the market is characteristic of which stage of the business life cycle?

Establishment

Growth

Maturity

Post-maturity

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Slow and erratic sales, constant cash outflow and lack of established customer base is characteristic of which stage of the business life cycle?

Growth

Establishment

Maturity

Post-maturity

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The business may be in a steady state, renewal or decline of the business life cycle.

Growth

Maturity

Establishment

Post-Maturity

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The owners must decide whether to reignite growth, sell or close the business during this stage.

Establishment

Growth

Maturity

Post-Maturity

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Some growth may still occur but not at the same rate as previously

Maturity

Post Maturity

Establishment

Growth

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Challenges include new competitors, not getting too comfortable in the market and giving control over to reliable staff.

Growth

Post-maturity

Maturity

Establishment

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The correct order of the business life cycle is

post-maturity, post-maturity, establishment, growth

maturity, post-maturity, establishment, growth

establishment, maturity, growth, post-maturity

establishment, growth, maturity, post-maturity

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