The market for 3-D televisions is in the introduction stage of the industry life cycle.What does this imply?
A) There are only a few competitors in the 3-D television market.
B) The number of buyers in the market is high.
C) The prices of 3-D televisions will be lowest during this stage.
D) The barriers to entry are low in the industry.

Question

Quizplus · Accepted Answer

In the introductory stage, when barriers to entry tend to be high, generally only a few firms are active in the market.

The Market for 3-D Televisions Is in the Introduction Stage