Topic 1 | Nature of business
Sub topic 4: Business growth and decline
Lesson 1 | Stages of a business' life cycle
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Identify actual businesses at different stages in the business life cycle
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Stages of the business cycle
– Establishment,
– Growth,
– Maturity,
– Post-maturity
Lesson 2 | Responding to challenges and factors contributing to business decline
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Outline possible business strategies appropriate for different stages in the business life cycle
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Responding to challenges at each stage of the business cycle
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Factors that can contribute to business decline
Lesson 3 | Voluntary and involuntary cessation
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Identify problems that arise for stakeholders when companies go into liquidation
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Voluntary and involuntary cessation – liquidation
