The goal for companies in the growth stage of the industry life cycle is to maintain its relative competitive position in a rapidly expanding market.

Name: The goal for companies in the growth stage of the industry life cycle is to maintain its relative competitive position in a rapidly expanding market.
Brand: Quizplus
Rating: 4.7 (58 reviews)

Question

Quizplus · Accepted Answer

In the growth stage, companies aim to capture and increase their market share while the market expands rapidly. Maintaining a relative competitive position is important but not the sole goal.

The Goal for Companies in the Growth Stage of the Industry