Development stage

Development stage,

Definition of Development stage:

  1. Development stage refers to the first phase in the life cycle of a new business. During the development stage, companies focus on establishing themselves through activities such as market research, product development, and the construction of new manufacturing facilities.

  2. The different phases in a business’s life have been characterized by economists as the business’s “life cycle”. While the development stage is the first in this cycle, it is followed by periods of market introduction, growth, maturity, and decline.

  3. A stage where the firms product is still on research and development. At this period, little or no revenues are earned as the firm mostly incurs costs rather than making any sales.

How to use Development stage in a sentence?

  1. The development stage is considered a very difficult stage and is characterized by a high probability of failure.
  2. For investors with a high capacity and willingness to bear risk, development-stage companies can occasionally offer spectacular returns.
  3. The development stage is one of the stages in the life cycle of a new company.

Meaning of Development stage & Development stage Definition