At what stage in the industry life cycle do financial policies become firmly established?

Name: At what stage in the industry life cycle do financial policies become firmly established?
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Question

Quizplus · Accepted Answer

Financial policies become firmly established during the expansion stage of the industry life cycle. This is because the industry is growing rapidly and there is a need for more formal and structured financial policies to manage the increased financial activity.

At What Stage in the Industry Life Cycle Do Financial