Business Post-Maturity Outcomes and Strategies Quiz

At the post-maturity stage, what key decision must a business make?

• How to increase initial funding

• Whether to enter a new market

• What the future plans of the business will be

• How to hire new employees

Which outcome in the post-maturity stage involves the business maintaining its current position without significant growth or decline?

• Renewal

• Steady State

• Decline

• Expansion

In a steady state, how does a business typically approach its marketing budget?

• It increases the marketing budget every year

• It does not budget extra funds for marketing year-on-year

• It spends more on marketing than on staffing

• It eliminates the marketing budget entirely

Why do staffing numbers in a steady state business tend not to fluctuate?

• Because the business hires new staff every month

• Because the business monitors staffing based on business needs

• Because the business lays off staff regularly

• Because the business outsources all its work

What is a likely behavior of a declining business regarding its staff?

• Replaces staff who have left and provides training to those who need it.

• Does not replace staff who have left or chooses not to train staff who need it.

• Increases salaries and benefits for all employees.

• Hires additional staff to support expansion.

Explain how a business may experience post-maturity in one part of the business, yet experience growth or maturity in another. Provide examples in your response.

• Different divisions or products within a business can be at different stages of the business life cycle.

• All parts of a business always experience the same stage at the same time.

• A business cannot experience growth and post-maturity simultaneously.

• Only small businesses can have different stages in different parts.

What is likely to happen to a business’s internal stakeholders and culture when there is a decrease in sales and demand during the post-maturity stage?

• They remain unchanged regardless of sales and demand.

• Adjustments to business practices will need to be made.

• The business will automatically grow.

• External stakeholders will take over the business.

What is a succession plan in the context of a business exiting the market?

• A plan to increase sales and demand.

• A plan to hire new employees.

• A plan for closure to ensure stakeholder interests are managed.

• A plan to expand into new markets.

Why does the internal environment become more significant if a business is exiting the market?

• Because the business will need to hire more staff.

• Because the business must ensure stakeholder interests are managed properly.

• Because the business will increase its advertising.

• Because the business will open new branches.

Which of the following can heavily impact the decision-making of a business in post-maturity?

• Operating environment factors

• Product design

• Employee uniforms

• Office location