Mary owns and operates an Internet café, and all evidence indicates that the business is growing faster than expected. She hires a consultant to discuss strategies to keep the business growing and to possible expand. Mary and the consultant need to examine her business and the three stages common to the life cycles of entrepreneurships, which are the

Question

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The three stages common to the life cycles of entrepreneurship are the birth stage, breakthrough stage, and maturity stage. The birth stage involves the creation of the business, the breakthrough stage involves rapid growth, and the maturity stage involves a focus on maintaining profitability and possibly expanding the business. The exiting stage may be another stage, but it is not one of the most common three stages mentioned in the question. Choice A is incorrect because the IPO stage is a possible stage for some businesses, but it is not one of the common three stages mentioned in the question. Choice B is incorrect because the breakthrough stage is one of the common three stages mentioned, but the maturity stage is missing. Choice C is incorrect because the exiting stage is not one of the common three stages mentioned in the question. Finally, choice E is incorrect because it includes the IPO stage, which is not one of the common three stages mentioned in the question.

Mary Owns and Operates an Internet Café, and All Evidence