Stage 3 of the industry life cycle is characterized by all of the following EXCEPT:
A)competition intensifies as more and more firms enter the industry.
B)there is little demand for the company's products and services.
C)revenues continue to grow,but at a slower pace.
D)firms become more efficient at maintaining costs.

Question

Quizplus · Accepted Answer

Stage 3 is typically referred to as the maturity stage and is characterized by increased competition and slower revenue growth. However, there is usually still significant demand for the company's products and services despite the intense competition. Therefore, option B is incorrect as it states that there is little demand for the company's products and services.

Stage 3 of the Industry Life Cycle Is Characterized by All