In which of the following stages of the industry life cycle is a standard first established?

Question

Quizplus · Accepted Answer

As the size of a market expands and the industry enters the growth stage, a standard signals the market's agreement on a common set of engineering features and design choices. Standards can emerge bottom-up through competition in the marketplace, or be imposed top-down by government or other standard-setting agencies.

In Which of the Following Stages of the Industry Life