Which event marks a critical juncture in an industry's evolution?

Question

Quizplus · Accepted Answer

The emergence of a dominant design marks a critical juncture in an industry's evolution as it signifies that a single design or technology has become widely accepted and adopted by the industry, leading to increased standardization and differentiation. This can lead to greater efficiency and cost savings for firms in the industry, as well as barriers to entry for new competitors who may not have access to or may not be able to replicate the dominant design.

Which Event Marks a Critical Juncture in an Industry's Evolution