The life cycle idea used to describe industries is analogous to a living organism that experiences birth, growth, maturity, and death. This comparison
A) provides clear insight into how organizations change over time.
B) has some limitations and does not always hold true.
C) is appropriate because firm rarely experience renewal.
D) perfectly explains the cereal industry.

Question

Quizplus · Accepted Answer

The life cycle analogy, while useful, has limitations because it does not account for all variables and situations that industries may face, such as renewal or transformation phases not present in the biological life cycle of an organism.

The Life Cycle Idea Used to Describe Industries Is Analogous