Table of Contents
Which stage is a period of rapid revenue growth 1 point?
Maturity stage is the period of time in which a person experiences a rapid revenue growth.
Which stage is period of revenue growth?
Stage One – Infancy – Zero to One Million in Revenue. Stage Two – Childhood – One Million to Ten Million in Revenue. Stage Three – Adolescence – Ten Million to Fifty Million in Revenue. Stage Four – Adulthood – Fifty Million and beyond…
How many stages are there in revenue lifecycle?
There are five steps in a life cycle—product development, market introduction, growth, maturity, and decline/stability.
Which stage has rapid sales?
Growth. The growth stage is a period of rapid market acceptance and increasing profits.
What is introductory phase?
Definition: Introduction stage is the first stage in the product life cycle. Description: The introduction stage is the first stage in the product life cycle where a company tries to build awareness about the product or service in a market where there is less or no competition.
What are the 2 phases of life cycle?
Plants have two distinct stages in their lifecycle: the gametophyte stage and the sporophyte stage. The haploid gametophyte produces the male and female gametes by mitosis in distinct multicellular structures. Fusion of the male and females gametes forms the diploid zygote, which develops into the sporophyte.
What happens growth stage?
The growth stage is the period during which the product eventually and increasingly gains acceptance among consumers, the industry, and the wider general public. During this stage, the product or the innovation becomes accepted in the market, and as a result sales and revenues start to increase.
What happens in the growth stage of the product life cycle?
The growth stage in the product life cycle is a period of rapid revenue growth. As product awareness increases, customers are more likely to purchase the item and sales increase. The success of a product in one area can lead to the product being introduced into other market segments.
What is the difference between growth and maturity stage?
Maturity Stage. A product becomes most profitable during the maturity stage. The sales for the product are slower than in the growth stage but continues as the product becomes a market leader. Continued advertising reinforces the product with the consumer, but generally, advertising costs are lower than for a new product.
Is the stage of growth appropriate for small businesses?
Each uses business size as one dimension and company maturity or the stage of growth as a second dimension. While useful in many respects, these frameworks are inappropriate for small businesses on at least three counts. First, they assume that a company must grow and pass through all stages of development or die in the attempt.
Why promotional expenditure remain high during the growth stage of sales?
The promotional expenditure remains high because of increasing competition and due to the need for effective distribution. Profits are high on account of large scale production and rapid sales turnover. During the growth stage, following strategies may be adopted: