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Question
match each aspect of a business life cycle to its corresponding description. to answer, move each stage from the list on the left to its description on the right. pivot exit strategy persevere change part of a business model. make attempts to scale a business. turn a business over to a family member.
Brief Explanations
Each term is matched to its standard definition in business lifecycle and strategy:
- Pivot refers to modifying part of a business model to adapt to market changes.
- Persevere in a business context means continuing operations and working to grow/scale the business.
- An Exit strategy is a plan to leave or transfer ownership of a business, which can include passing it to a family member.
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- Pivot → Change part of a business model.
- Persevere → Make attempts to scale a business.
- Exit strategy → Turn a business over to a family member.