What is the organizational life cycle and why is it important? ...

[vicotolentino]

What is the organizational life cycle and why is it important?
 
  What will be an ideal response?

Question 2

Kate Payne was reading the business plan for New Venture Fitness Drinks, and noticed that prior to its financial statements, New Venture Fitness Drinks placed an explanation of the sources of the numbers for the statements and the assumptions used to
 
  generate them. This explanation is called a(n) ________.
  A) estimate sheet
  B) hypothesis sheet
  C) assumptions sheet
  D) forecast sheet
  E) forecast hypothesis

[chevyboi1976]

Answer to Question 1

The majority of businesses go through a discernable set of stages referred to as the organizational life cycle. The stages include introduction, early growth, continuous growth, maturity, and decline. It's important for business owners to be familiar with these stages, because each stage offers unique opportunities and challenges. By knowing the unique opportunities and challenges posed by each stage, a business owner can be prepared to respond appropriately.

Answer to Question 2

C