The 3rd Stage of the Industry Lifecycle isSelect one:a.Growthb.Stabilityc.Maturityd.End
Question
The 3rd Stage of the Industry Lifecycle is
Select one:
- a. Growth
- b. Stability
- c. Maturity
- d. End
Solution
Break Down the Problem
- Identify the stages of the industry lifecycle.
- Determine which stage corresponds to the 3rd position.
Relevant Concepts
- The industry lifecycle typically consists of several stages: Introduction, Growth, Maturity, and Decline.
Analysis and Detail
- Introduction Stage: The product is launched.
- Growth Stage: Rapid market acceptance and increasing sales.
- Maturity Stage: Sales growth slows as the market saturation occurs.
- Decline Stage: Sales and profitability decrease.
Verify and Summarize
- The 3rd stage directly corresponds to the Maturity stage of the industry lifecycle.
Final Answer
c. Maturity
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