Toward the end of the growth stage of the industry life cycle:
A)Demand for products falls
B)A competitive shakeout usually occurs
C)Entry barriers play no role
D)Competition tends to focus on tight cost controls
E)Differentiation is not possible

Question

Quizplus · Accepted Answer

During the end of the growth stage, the industry becomes saturated with competitors leading to intense competition. This often results in a competitive shakeout, where weaker players are forced out of the market or acquired by stronger companies, leading to consolidation.

Toward the End of the Growth Stage of the Industry