During the ________ stage of the industry life cycle, many firms consider the strategy of exiting the industry.
A) embryonic
B) growth
C) erosion
D) decline

Question

Quizplus · Accepted Answer

During the decline stage of the industry life cycle, demand for the product or service decreases, leading to lower profits and often resulting in many firms considering exiting the industry.

During the ________ Stage of the Industry Life Cycle, Many