During which stage of the industry life cycle do sales typically peak?Group of answer choicesIntroductionMaturityDeclineGrowth

The stage of the industry life cycle where sales typically peak is Maturity.

Here's a step-by-step explanation:

1. Introduction Stage: This is the stage where the product or service is introduced to the market. Sales are usually low at this stage as consumers are not fully aware of the product or service.

2. Growth Stage: In this stage, the product or service starts to be accepted by the market and sales begin to increase. However, they have not yet reached their peak.

3. Maturity Stage: This is the stage where sales peak. The product or service has been fully accepted by the market and has reached its maximum potential in terms of sales.

4. Decline Stage: After reaching the peak in the maturity stage, sales start to decline as the product or service becomes outdated or is replaced by new products or services.