Ian has decided to start a business installing voice over Internet protocol (VOIP)software on computers,which allows individuals to make phone calls via the Internet.To get his business up and running,Ian has decided to place an ad in the paper.He does not have any money,so he has to put the cost of the ad on his credit card.Ian will spend more money than he will make in the first three months due to the fact that his VOIP business is in which stage of its life cycle?
A)maturity
B)decline
C)introduction
D)growth

Question

Quizplus · Accepted Answer

Ian's business is in the introduction stage, as he is just starting out and has not yet made any profits. This stage is characterized by high start-up costs and low sales or revenue.

Ian Has Decided to Start a Business Installing Voice Over