The ________ Stage of the Organizational Life Cycle Is the Startup

question 58

Multiple Choice

The ________ stage of the organizational life cycle is the startup phase, where a business determines what its core strengths and capabilities are and starts selling its initial product or service.

• A) introduction
• B) launch
• C) ramp-up
• D) early growth
• E) continuous growth

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Definitions:

Strategic Planning

Process of determining the primary objectives of an organization and then acting and allocating resources to achieve those objectives.

Mobile Application

Software designed to run on mobile devices, such as smartphones and tablets, to perform specific tasks or provide services.

Shopping Experience

The overall perception and feeling a consumer has while purchasing goods or services, influenced by the environment, customer service, and ease of transaction.

Deadlines

Specific dates or times by which tasks or projects must be completed, often used to ensure timely progress and accountability.