In general, the industry life cycle model implies an evolutionary change and
A) rapid transition from stage to stage.
B) applies primarily to larger, older companies.
C) is concerned primarily with new entrants.
D) gradual progression from one stage to the next.

Question

Quizplus · Accepted Answer

The industry life cycle model typically suggests a gradual progression through various stages (e.g., introduction, growth, maturity, and decline), rather than a rapid transition. This model applies to industries as a whole rather than focusing specifically on larger, older companies or new entrants.

In General, the Industry Life Cycle Model Implies an Evolutionary