Which of the Following Is True of the Emergence Stage

question 12

Multiple Choice

Which of the following is true of the emergence stage of a business life cycle?

• A) Emergence is the stage in which a person thinks about and takes actions toward closing down a firm.
• B) Getting from entrepreneurial thinking to entrepreneurial action is the challenge of the emergence stage.
• C) Having the business in operation,but not yet stable in terms of markets,operations,or finances is the primary characteristic of the emergence stage.
• D) In a business life cycle the emergence stage takes place after the survival stage.

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Definitions:

Stable Supply Curve

A situation in which the supply curve remains unchanged over time, indicating that the quantity supplied is not affected by changes in price.

Increasing Demand

A situation where the quantity of a good or service that consumers are willing and able to buy increases, often due to factors like rising incomes, changes in tastes, or lower prices of the product.

Allocative Efficiency

A state of resource allocation where it is impossible to make any one individual better off without making at least one individual worse off.

Productive Efficiency

A condition in which an economy or entity is utilizing all its resources efficiently, producing maximum output for a given set of inputs without waste.