The industry life cycle model analyzes the effects of an industry's evolution on competitive forces.

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The industry life cycle model indeed examines how a particular industry's growth and maturity stage affects competitive forces. It provides insights into the shifting dynamics of the industry, the changes in customer needs or preferences, and the challenges and opportunities for businesses in various stages of growth. Understanding the industry life cycle can help firms make more informed strategic decisions and adapt to changes in the market environment.

The Industry Life Cycle Model Analyzes the Effects of an Industry's