Which of the following industries is likely to follow the industry life cycle stages from introduction to decline?
A) Cars
B) Travel
C) Digital cameras
D) Hairdressing

Question

Quizplus · Accepted Answer

Digital cameras are a technology-driven product with a relatively short product life cycle. As newer models with better features and capabilities are introduced, older models become obsolete and eventually decline. Therefore, digital cameras are likely to follow the industry life cycle stages from introduction to decline. The other industries listed (cars, travel, hairdressing) are more likely to have stable or slowly evolving product offerings and are less likely to experience rapid growth and decline.

Which of the Following Industries Is Likely to Follow the Industry