In growth industries,
A) replacement demand is increasing rapidly.
B) technological expertise is the most important entry barrier.
C) rivalry is high.
D) distribution channels are poorly developed.
E) buyers are familiar with the industry's product.

Question

Quizplus · Accepted Answer

Buyers being familiar with the industry's product is a characteristic of growth industries, as the industry is experiencing rapid growth and widespread adoption. Replacement demand, technological expertise as an entry barrier, high rivalry, and poorly developed distribution channels are not necessarily indicative of growth industries.

In Growth Industries