This stage of the business life cycle occurs once the firm is established in its market.

Question

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The success stage occurs once the business has gained a foothold in the market and has established a strong customer base. During this stage, the business is focused on growing profits, expanding operations, and increasing market share. The success stage follows the emergence stage, which is characterized by early growth and establishing a presence in the market.

This Stage of the Business Life Cycle Occurs Once the Firm