Which of the following is not characteristic of the "decline" phase of the industry life cycle? A) Little product differentiation B) Substantial manufacturing overcapacity C) Many competitors D) Falling prices E) None of the above (this is, all are characteristics of the "decline" phase)

Question

Quizplus · Accepted Answer

In the decline phase, the number of competitors typically decreases as weaker firms exit the market due to reduced demand and profitability.

Which of the Following Is Not Characteristic of the "Decline