Which of the following best describes what happens as an industry matures?
A) Competition becomes fierce, and you are forced to try to attract customers away from your competition in order to survive.
B) There is little or no competition, and you are forced to try to attract customers away from your competition in order to survive.
C) You have to increase your prices to increase your profitability.
D) You have to decrease your prices to increase your profitability.

Question

Quizplus · Accepted Answer

As an industry matures, competition typically becomes more intense as companies vie for market share, leading to efforts to attract customers from competitors.

Which of the Following Best Describes What Happens as an Industry