PART A - MULTIPLE CHOICE Select the "most correct" option: 1. Which of the following is not a stage in the business life cycle: a. introduction. b. growth C. maturity. d. decline. 2. The growth stage of the business cycle is characterized by: a. increasing revenue. b. increasing profits. C. declining risk of failure. d. all of the above. 3. Which of the following is not an indicator of the need for renewal: a. declining sales and profits. b. declining market share. C. declining employee turnover. d. None of the above are indicators. 4. When a business is operating at a small percentage of its capacity, the strategy should be to: a. increase capacity. b. increase sales. c. reduce promotion. d. all of the above. Managing A Small Business - 1