What stage is the beginning of the business life cycle, when the business is just a thought or idea?

During which stages should a business plan be completed?

A vision, goals and objectives need to be established in which stage?

A legal structure must be registered during this stage.

During this stage it is established whether or not the business is viable

During this stage, the business idea has been developed into a product or service, ready for market.

During this stage, the business commences trading

The business enters an established or expansion during this stage

During this stage, the business will innovate and refine their product to meet the needs of the market in a new location, demographic or target market.

After expansion or consistent growth, the business should be at the top of its industry during this stage.

During this stage the business must remain competitive, as there is often increasing competition for a mature business.

During this stage, the business might be in a steady state, decline or in a renewal.

If I asked you to draw a diagram of the product life cycle, could you?

Reflecting on the PANDORA case study, where did they move their manufacturing to?