The internet auction business is in the growth stage of its industry cycle.This means that:
A)the primary concern for companies in this industry is survival
B)companies in this industry are undergoing a rapid growth
C)there are only a few large firms left in this industry
D)the companies in this industry are concentrating on increasing their efficiency without sacrificing their product quality
E)businesses in this industry are using the same human resource strategy that they adopted when the industry was newly founded

Question

Quizplus · Accepted Answer

The growth stage of an industry cycle is characterized by rapid growth as more companies enter the market, new products are introduced, and demand and profits increase. This means that the internet auction business is likely experiencing significant expansion and expansion opportunities.

The Internet Auction Business Is in the Growth Stage of Its