Which of the conditions prevail when an industry is at the end of its life cycle?
A) The level of process innovation reaches its maximum as firms attempt to lower cost.
B) The industry structure is perfectly competitive with a large number of buyers and sellers.
C) The strategic objectives of businesses will involve gaining market acceptance.
D) The market reaches its maximum size at this stage.

Question

Quizplus · Accepted Answer

At the end of a life cycle, the level of process innovation reaches its maximum as firms attempt to lower cost as much as possible, while the level of incremental product innovation reaches its minimum.

Which of the Conditions Prevail When an Industry Is at the End