At what point in an industry life cycle are inefficiencies in competitors most likely to be removed?
A) Start up stage
B) Consolidation stage
C) Maturity stage
D) Relative decline stage

Question

Quizplus · Accepted Answer

In the consolidation stage, there is a higher level of competition and market saturation, leading to industry players seeking to merge or acquire their competitors. This results in the elimination of inefficiencies in competitors and the emergence of dominant players in the industry.

At What Point in an Industry Life Cycle Are Inefficiencies