The demand for video recorders has drastically reduced, and there are only a few consumer electronics companies selling them at extremely low prices.Also, the current buyers of video recorders are mainly categorized under laggards.Which of the following stages of the industry life cycle is the video recorder industry in currently?

Question

Quizplus · Accepted Answer

Video recorders are in the decline stage of the industry life cycle. Changes in the external environment often take industries from maturity to decline. In this final stage of the industry life cycle, the size of the market contracts as demand falls.

The Demand for Video Recorders Has Drastically Reduced, and There