The transition from the introduction to growth phase of the industry life cycle features:

Question

Quizplus · Accepted Answer

The transition from the introduction to growth phase is characterized by a shift in focus from product innovation to process innovation. This is because companies already have a basic product or service and now need to focus on improving their operations to meet growing demand. The other options are not necessarily associated with this specific transition.

The Transition from the Introduction to Growth Phase of the Industry