The industry life cycle has four phases:

Question

Quizplus · Accepted Answer

The correct order of the industry life cycle phases is Introduction, Growth, Maturity, and Decline. During the introduction phase, the industry is new and trying to establish itself. In the growth phase, demand for the industry's products or services increases rapidly. The maturity phase is where competition is high and growth slows down. Finally, the decline phase is where demand decreases and the industry may eventually become obsolete.

The Industry Life Cycle Has Four Phases