Which of the Following Statements Is False

Which of the following statements is false?

A) Industry life cycles measure the growth path of an industry through 5 stages
B) Industry life cycles predict an industry's sensitivity to the economy
C) The industry life cycle curve is graphed so that, the steeper the slope of the line, the faster the growth rate of the industry
D) The particular phase of the life cycle of an industry determines the growth of earnings, dividends, capital expenditures, and market demand for products
E) The five stages of the industry life cycle are development, growth, expansion, maturity, and decline