The life cycle idea used to describe industries is clearly analogous to a living organism that experiences birth,growth,maturity,and death.This comparison
A) provides clear insight into how organizations change over time.
B) has some limitations and does not always hold true.
C) is appropriate because firm rarely experience renewal.
D) perfectly explains the cereal industry.

Question

Quizplus · Accepted Answer

While the life cycle idea can provide some insight into how industries change over time, it has limitations and does not always hold true. Some industries may experience renewal or can persist in a mature stage for extended periods of time. Therefore, this comparison cannot be seen as a perfect explanation for every industry.

The Life Cycle Idea Used to Describe Industries Is Clearly