789266
Description
Flashcards by michellebasson, updated more than 1 year ago
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Created by michellebasson
over 11 years ago
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| Question | Answer |
| Establishment | .Setting up the business .learning how to run the business .can cost a lot to set up |
| Growth | .Level of sales increase .Higher level of management .setting up a firm customer base |
| Maturity | .profits remain at existing level .valued customers return .new ideas and products are created |
| Post maturity | .Decline or Renewal |
| Post Maturity (renewal) | .Cash flow increases .Tapped into new markets .changing organisational structure |
| Post Maturity (decline) | .Owners die .Involuntary/voluntary cessation |
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