Business Management 2nd Semester Final Exam

Which stage of the business life cycle is characterized by high growth, increasing market share, and growing profits?

Which stage of the business life cycle involves establishing a new product or service in the market and incurring high costs with low initial profits?

Which stage of the business life cycle involves establishing a loyal customer base, stable sales, and focusing on maintaining market share?

What is the stage of the business life cycle where a new business is just starting, facing low sales and high expenses as it tries to establish itself in the market?

What is the first stage of the business life cycle?

Which stage of the business life cycle is characterized by rapid growth and high demand?

What is the stage of the business life cycle where the company establishes its identity and builds a customer base?

Which business structure involves unlimited personal liability for the owner's actions and debts?

Which business structure involves multiple owners who share in the profits, losses, and decision-making of the business equally?

Which business structure allows for an unlimited number of owners, known as shareholders, and the ability to issue multiple classes of stock?

Which business structure allows for pass-through taxation, where business profits are only taxed at the individual level?

Which business structure offers limited liability protection to its owners, shielding their personal assets from business debts and obligations?

Which step in the Elements of Design Thinking Process involves finding inspiration from various sources such as people, places, and things?

What step in the Elements of Design Thinking Process involves generating a wide range of ideas without judgment?

Which step in the Elements of Design Thinking Process focuses on putting ideas into action and creating prototypes?