We know the positive points of the business but we should aware of fluctuations in business/up and down in business. For every business, there are different phages through which business goes. Introduction Phase: At introductory phase, there is very slow demand inceases and more efforts are required. Growth Phase: There is an increase in demand for the products and services, need to focus on resources,process,quality, capablity etc. Maturity Phase: There is a peak state of a business and need to focus on more srategies to be in a compititors market, increase customer reach to grow or for stability in a market. Decline Phase: This phase is a decrease in demand for our products and services, its really alarm to a business to focus on advertizing, reach, quality enhancement, efficiency, customer satisfaction, customer feedback etc. When the business is running risk can be considered in every phase to avoid future problems.
Readersfame is giving you, business related basic and advanced information. How to start a business and grow business, market survey, business resources, business registration, etc. Business is a long term activity which includes serving quality product and satisfy customers. Business require sufficient time to run and we always engage with various business activities, therefore I will say business is "Busyness".