The industry life cycle:

Question

Quizplus · Accepted Answer

The industry life cycle may vary in duration and may never enter the decline phase in some cases, depending on various factors such as market demand, competition, and innovation. Therefore, option D is the best choice. Option A is not correct because the industry life cycle and product life cycle may follow a similar path but operate on a different time scale. Option B is not entirely accurate because the industry life cycle may have different phases and durations than the product life cycle. Option C is also not correct because the industry life cycle may be shorter or longer than the product life cycle.

The Industry Life Cycle