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ols s of Maia's market niche is:: O People looking for exotic getaways O Wealthy people who travel in style O Married couples with

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ols s of Maia's market niche is:: O People looking for exotic getaways O Wealthy people who travel in style O Married couples with children Young urban professionals Urban Escapes is an example of which trends in entrepreneurship? Check all that apply. E-commerce presents opportunities to many entrepreneurs. Businesses today often get initial funding through online crowdsourcing and microlending websites. More businesses are being started by women. The success rate of new businesses has risen in recent years. Study this research summary and then answer the question below. Research Summary A classic article by N. C. Churchill and V. L. Lewis identifies five stages of small business development that can be applied to Urban Escapes: 1. Existence: The entrepreneur is working to get customers and to deliver the product or service to those customers. 2. Survival: The business is developing systems that allow it to operate more efficiently and generate some profit. 3. Success: The business has established systems and consistent profits. 4. Takeoff/growth: The entrepreneur may seek additional capital to expand and serve an increasing number of customers and do a larger amount of business. 5. Resource maturity: The company is relatively large and may seek to diversify. Source: Churchill, N. C., & Lewis, V. L. (1983, May). Five stages of small business growth. Harvard Business Review. Retrieved from https://hbr.org/1983/05/the- five-stages-of-small-business-growth/ Maia seeks to expand the business into Boston, Philadelphia, and Washington, D.C. According to what you learned from the research summary, at which stage was Mala's decision made? O Survival Existence O Resource maturity, O Takeoff

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