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Successful businesses typically progress through a series of life-cycle stages-from the idea stage to exiting the business; these five stages include the: o development stage, startup stage, survival stage, rapid growth stage, and maturity stage. o idea stage, design stage, operating stage, rebuilding stage, and decline stage o development stage, operating stage, rebuilding stage, rapid growth stage, and maturity stage O idea stage, startup stage, rapid growth stage, survival stage, and decline stage