This is the third stage in the industry life cycle which is marked by a stabilization of demand.
A)Growth stage
B)Maturity stage
C)Introduction stage
D)Decline stage

Question

Quizplus · Accepted Answer

The maturity stage is characterized by a stabilization of demand for the industry's products or services. This is because the market has become saturated, with most potential customers already familiar with the product and having made their purchasing decisions. In this stage, companies often focus on improving efficiency and increasing profits rather than aggressively expanding their customer base.

This Is the Third Stage in the Industry Life Cycle