Growth industries
A) typically suffer from high mobility barriers.
B) tend to be characterized by weak rivalry.
C) have high rivalry among established companies.
D) increase prices because customers are more aware of the industry's product.
E) provide economies of scale to existing companies.

Question

Quizplus · Accepted Answer

Growth industries tend to be characterized by weak rivalry, as demand is increasing and there is space for new entrants. The opposite is true for established industries, which have high rivalry among established companies due to intense competition. A, C, and D are incorrect because high mobility barriers, high rivalry, and increased prices are typically associated with established industries, not growth industries. While E may be true in some cases, it is not a defining characteristic of growth industries.

Growth Industries