Quizzol

QUESTION:

Multiple Choice Question

Which of the following statements about the maturity stage of the industry life cycle is true?

Multiple choice question.

Demand for the product increases.

Product innovation becomes the most important competitive weapon.

Only a few large firms remain.

The market has many competitors, each competing for a piece of the pie.

ANSWER:

Which of the following statements about the maturity stage of the industry life cycle is true?

Multiple choice question.

Demand for the product increases.

Product innovation becomes the most important competitive weapon.

Reason:

This occurs earlier, during the growth stage.

Only a few large firms remain.

The market has many competitors, each competing for a piece of the pie.

Reason:

This occurs earlier, during the shakeout stage.

Only a few large firms remain.

Posted by Cleveland on November 10, 2024