In which of the following life-cycle stages of small businesses does an entrepreneur struggle to get the new venture established and survive long enough to test the real marketplace?
A) The birth stage
B) The breakthrough stage
C) The maturity stage
D) The death stage

Question

Quizplus · Accepted Answer

The birth stage is characterized by the struggle to get the new venture established and survive long enough to test the real marketplace. This is when entrepreneurs face challenges such as obtaining financing, developing a customer base, and establishing the brand identity.

In Which of the Following Life-Cycle Stages of Small Businesses