Entrepreneurs typically want to enter the industry at which stage of the life cycle?
A) Emergent and Growth Stage
B) Mature
C) Exit
D) Decline

Question

Quizplus · Accepted Answer

Entrepreneurs typically want to enter the industry at the emergent and growth stage because there is high potential for growth and a relatively low level of competition. This stage is characterized by increasing consumer demand, rapid growth in sales and profits, and the entry of new competitors. This presents an opportunity for new entrants to gain market share and establish themselves as key players in the industry. In contrast, the mature stage is characterized by slower growth, increased competition, and a focus on cost-cutting, while the decline stage is characterized by falling sales and profits and a shrinking market size.

Entrepreneurs Typically Want to Enter the Industry at Which Stage