All industries pass through the industry life cycle at roughly the same pace.

Question

Quizplus · Accepted Answer

Different industries can have varying life cycles depending on factors such as technology, consumer behavior, and market competition. For example, the technology industry tends to have a shorter life cycle with rapid changes and innovation, while the food and beverage industry has a longer life cycle with more gradual changes in consumer preferences.

All Industries Pass Through the Industry Life Cycle at Roughly