Mature industries are characterized by elements such as slowing growth in total industry demand,a slowdown in increases in product capacity,and an overall increase in the profitability of firms in the industry.

Question

Quizplus · Accepted Answer

Mature industries typically experience slowing growth in demand and capacity, but they often face increased competition, which can pressure profitability rather than increase it.

Mature Industries Are Characterized by Elements Such as Slowing Growth