During a _____,the growth rate in a product-market declines and weaker businesses fail,withdraw from the industry,or are acquired by other companies.

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A shakeout is a stage in the industry life cycle where the growth rate in a product-market declines and weaker businesses fail, withdraw from the industry, or are acquired by other companies. The shakeout is characterized by fierce competition, pricing pressure, and consolidation. Harvest stage refers to a stage where the focus is on maximizing profits from the product-market. Market penetration refers to a strategy for increasing market share in an existing product-market. Functional performance is a measure of how well a product or service satisfies the functional requirements or specifications.

During a _____,The Growth Rate in a Product-Market Declines and Weaker