Successful Businesses Typically Progress Through a Series of Life-Cycle Stages-From

question 111

Multiple Choice

Successful businesses typically progress through a series of life-cycle stages-from the idea stage to exiting the business; these five stages include the:

• A) development stage, startup stage, survival stage, rapid growth stage, and maturity stage.
• B) idea stage, design stage, operating stage, rebuilding stage, and decline stage
• C) development stage, operating stage, rebuilding stage, rapid growth stage, and maturity stage
• D) idea stage, startup stage, rapid growth stage, survival stage, and decline stage

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Definitions:

Sherman's Neckties

A term referring to the practice by Union General William Tecumseh Sherman during the American Civil War of destroying Confederate railroad tracks by heating and then bending them.

Railroad Ties

Heavy beams used as a base for railroad tracks to hold them in place and ensure the tracks remain aligned.

North's Economy

The economic system of the northern United States, historically characterized by industrial manufacturing, as opposed to the agrarian economy of the South.

Standardization of Production

The process of implementing and developing technical standards to maximize productivity, efficiency, and quality.