The decline phase of the industry life cycle is caused by
A) the emergence of a radically better substitute product, representing a new industry.
B) tired old firms running out of new ideas.
C) existing firms leaving the industry to move to a more profitable one.
D) excessive market saturation.
Correct Answer:
Verified
Q21: The text claims that two factors are
Q22: The essence of IBM's success in the
Q23: Firms entering a new industry who were
Q24: A new industry life cycle begins when
A)a
Q25: Regarding change, a firm really needs to
A)understand
Q27: The basis of entering a new industry
Q28: The industry life cycle
A)is an extension of
Q29: A technical standard
A)only occurs in computing when
Q30: Start-up firms in a new industry are
Q31: When IBM did enter the PC market,
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