A growth stage is the point where business earns more money than it spends and begins to become profitable.
In a business cycle, the growth stage means the stage where sales, revenues and profits begin to grow as the product becomes more popular in the market.
Hence, it is the point where business earns more money than it spends and begins to become profitable.
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A firm reaches the breakeven point when it earns more money that it spends and begins to be profitable.
What is breakeven point?
This is the point at which the revenue of the company is the same as its costs, hence, makes a zero profit.
Thereafter, the company's would begin earn more revenue than the costs it incurs, thereby making profits.
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