The characteristic profile of an industry life cycle is an 'S' shaped curve because:
A) It's modeled on the Product Life Cycle, which is also 'S' shaped
B) An S-shaped decreasing curve isn't correct
C) It seemed like a good curve to the person who invented the theory
D) Both academic and empirical evidence suggests that it is a reasonable model of reality
Correct Answer:
Verified
Q42: Change in an industry is the result
Q43: As the industry life cycle progresses:
A)Foreign competition
Q44: The greatest challenge for a firm, related
Q45: In order to successfully deal with change
Q46: A dominant design is:
A)A technical standard that
Q48: The industry life cycle:
A)Exists on a different
Q49: The different stages of the industry life
Q50: "Network effects" are a force favoring:
A)Every firm
Q51: Radical change can be:
A)A disaster for all
Q52: The industry life cycle is:
A)A marketing concept
B)Allied
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