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BUS TERM I
stages
maturity
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THE MATURITY STAGE
after
expansion
or consistent growth the business should be at the
top
of its industry and is considered to have matured.
longest
stage in the cycle
the business still experiences
growth
but not at the same
rate
as before
challenges-
environmental
factors and changes in the
economy
, society or market
conditions.
emerging
technologies and
innovations