Mature industries are characterized by
A) an increase in total industry demand.
B) faster increases in production capacity.
C) a slowdown in the introduction of new products or services.
D) a decrease in the amount of international competition.

Question

Quizplus · Accepted Answer

Mature industries are those that have reached their peak and are no longer growing rapidly. As a result, the pace of innovation slows down and there are fewer new products or services being introduced. The other options, such as an increase in demand or production capacity, are indicative of industries that are still in their growth phases, not mature ones. The amount of international competition can vary depending on the industry, so it is not a defining characteristic of mature industries.

Mature Industries Are Characterized by