Scenario 14-2. Larry's pasta shop has been growing continuously. The shop is now three times the size it was when Larry first opened it 10 years ago. There are now 26 employees working in three different shops. Larry has finally controlled his costs and has made his overall system of doing business more efficient. His two brothers, Lon and Lyn, manage the other two shops. The brothers have a partnership agreement.
-In Scenario 14-2, Larry can remember when he was running the first pasta shop alone. At that point he was in the ______ stage of growth.

Question

Quizplus · Accepted Answer

In the scenario described, when Larry was running the first pasta shop alone, he was in the "existence" stage of growth. This stage is characterized by the business being newly established and focusing on securing its place in the market.