DEVELOPMENT STAGE
Company that is in a preliminary or early state of its corporate life. A development
stage company is characterized by its focus on early-stage business activities, such as
research and development, market research or construction of manufacturing facilities.
Development stage companies are generally underfunded and likely to be on the lookout for
sources of capital. (Investopedia, 2015)
Our Khruea-Thong Spa was the pioneer that started spa business by used product
from tea leaf so our business is necessary to observe and collect data from our target groups
for making our product and service can satisfy customer need.