Although all decisions in all phases of an industry life cycle are important,they become particularly ______________ in the decline stage.
A) critical
B) radical
C) cautious
D) expensive

Question

Quizplus · Accepted Answer

In the decline stage of an industry life cycle, companies are experiencing decreasing demand and profitability. As a result, all decisions become critical as they can significantly impact the company's survival. The wrong decision has the potential to lead to failure, while the right decision can help the company overcome the decline and potentially enter a new growth phase. Therefore, critical is the best choice to complete the sentence.

Although All Decisions in All Phases of an Industry Life