A pattern of evolution followed by an industry from inception to current and potential future states is called a(n) ________.
A) industrial evolution
B) dynamic industry
C) industry life cycle
D) industrial time line

Question

Quizplus · Accepted Answer

The term that best describes the pattern of evolution followed by an industry from inception to current and potential future states is the industry life cycle. This cycle typically includes stages such as introduction, growth, maturity, and decline, with various characteristics and challenges associated with each stage. The other options are not commonly used or recognized terms for this phenomenon.

A Pattern of Evolution Followed by an Industry from Inception