Business Life Cycle Quiz

Business Life Cycle Quiz

11th Grade

10 Qs

quiz-placeholder

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Business Life Cycle Quiz

Business Life Cycle Quiz

Assessment

Quiz

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11th Grade

Practice Problem

Medium

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the first stage of a business where it starts operating?

Establishment

Growth

Maturity

Post-Maturity

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

During which stage does a business expand and increase sales?

Post-Maturity

Maturity

Growth

Establishment

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the stage where a business stabilizes but faces increasing competition?

Post-Maturity

Maturity

Growth

Establishment

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the post-maturity stage, which of the following is NOT a possible direction for a business?

Establishment

Decline

Steady State

Renewal

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for problems or obstacles that businesses face at different stages?

Opportunities

Benefits

Challenges

Advantages

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the process of selling a business’s assets to pay debts when it closes?

Diversification

Expansion

Renewal

Liquidation

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of business cessation occurs when the owner decides to close the business?

Voluntary Cessation

Involuntary Cessation

Bankruptcy

Liquidation

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