In the consolidation stage of the industry life cycle,
A) it is difficult to predict which firms will succeed and which firms will fail.
B) industry growth is very rapid.
C) the performance of firms will more closely track the performance of the overall industry.
D) it is difficult to predict which firms will succeed and which firms will fail, and industry growth is very rapid.
E) industry growth is very rapid, and the performance of firms will more closely track the performance of the overall industry.

Question

Quizplus · Accepted Answer

During the consolidation stage of the industry life cycle, the industry begins to mature, and the performance of firms within the industry tends to more closely align with the overall industry performance. This is because the market becomes more established, and the surviving firms typically have solidified their market positions.

In the Consolidation Stage of the Industry Life Cycle