During the ________ stage of the industry life cycle, competition is marked by mergers and acquisitions.
A) embryonic
B) growth
C) maturity
D) decline

Question

Quizplus · Accepted Answer

During the maturity stage, the industry has already experienced significant growth and consolidation, resulting in a smaller number of large and dominant firms. The remaining competition is typically characterized by mergers and acquisitions as companies try to gain market share and increase their overall profitability.

During the ________ Stage of the Industry Life Cycle, Competition