Asked by Lizbeth Longoria on Jun 12, 2024
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According to the life cycle of entrepreneurial firms, the maturity stage signifies the stage in which the
A) entrepreneur struggles to get the new venture established and survive long enough to test the viability of the underlying business model in the marketplace.
B) business model begins to work well, growth is experienced, and the complexity of managing the business operation expands significantly.
C) entrepreneur recognizes a niche in the market and formulates an idea to take advantage of it.
D) entrepreneur experiences the advantages of market success and financial stability while facing the continuing management challenge of remaining competitive in a changing environment.
E) entrepreneur formulates a plan for making a profit by generating revenues that are greater than the costs of doing business.
Maturity Stage
The phase in a product's life cycle characterized by slowed growth, market saturation, and stabilization of customer demand, requiring strategies for extension or adaptation.
Business Model
A strategic plan outlining how a company creates, delivers, and captures value in economic, social, cultural, or other contexts.
Market Success
The achievement of desired sales, profit margins, and market share goals within a targeted market or industry.
- Recognize the phases of the entrepreneurial firm's lifecycle and their distinct features.
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Learning Objectives
- Recognize the phases of the entrepreneurial firm's lifecycle and their distinct features.
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