Firms move in an orderly fashion through each stage of the business life cycle without skipping any of the steps.

Name: Firms move in an orderly fashion through each stage of the business life cycle without skipping any of the steps.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Firms may skip or repeat certain stages depending on various internal and external factors such as market conditions, changes in management, and technological advancements. Therefore, the movement through the business life cycle may not always be linear or predictable.

Firms Move in an Orderly Fashion Through Each Stage of the Business