A new biomedical technology that replaces a current medical procedure and lowers the overall cost likely fits into the ___________ stage of the industry lifecycle model.
A)introduction
B)growth
C)maturity
D)decline

Question

Quizplus · Accepted Answer

The introduction stage of the industry lifecycle model is where new technologies or innovations are first brought to market, often replacing older methods and potentially reducing costs.

A New Biomedical Technology That Replaces a Current Medical Procedure