An industry moves from embryonic to growth stage when:
A) the sales of complementary products decline.
B) the production costs increase.
C) companies manufacture products in very small quantities.
D) ongoing technological progress makes its product easier to use.
E) mass markets for its products decline.

Question

Quizplus · Accepted Answer

As ongoing technological progress makes its product easier to use, it becomes more accessible to the general public, leading to an increase in demand and a move from the embryonic stage to the growth stage.

Note: Choices A, B, C, and E are incorrect as they do not accurately represent the transition from the embryonic to the growth stage.

An Industry Moves from Embryonic to Growth Stage When