Using the Industry Life Cycle Model, Tell How the Threats

question 45

Essay

Using the industry life cycle model, tell how the threats and opportunities for existing firms in an industry change over time.

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Definitions:

Constrict

To narrow; to become smaller because of contraction of a sphincter muscle.

Erythema

Diffuse redness over the skin because of capillary congestion and dilation of the superficial capillaries.

Verrucae

Warts; small, circumscribed elevations of the skin formed by hypertrophy of the papillae.

Itch Mite

A small parasitic arachnid that can cause severe itching and skin irritation, such as the one responsible for scabies.