In Which of the Following Stages of the Industry Life

question 34

Multiple Choice

In which of the following stages of the industry life cycle is a standard first established?

• A) maturity stage
• B) growth stage
• C) shakeout stage
• D) introduction stage

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Definitions:

Induced Consumption

The portion of consumer spending that increases or decreases as disposable income increases or decreases, respectively.

Disposable Income

The collective fiscal pool available to households for spending and saving post income tax engagements.

Induced Consumption

The concept in Keynesian economics referring to the portion of consumer spending that increases with income. Higher income levels tend to lead to higher consumer spending.

Disposable Income

The total financial resources available to people or households for savings and expenses after subtracting income tax.