Which of the Following Is a Feature of the Maturity

question 28

Multiple Choice

Which of the following is a feature of the maturity stage of the industry life cycle?

• A) The competitive intensity within the industry is at its peak.
• B) The market reaches its maximum size.
• C) The industry structure is more monopolistically competitive.
• D) The focus on product innovation is higher than that on process innovation.

---

Definitions:

Protestant Work Ethic

A concept in sociology that attributes hard work, frugality, and diligence to a Calvinist value system prevalent in areas of Protestant reformation.

Dharma

A key concept in Indian philosophy and religion, representing duty, righteousness, and the moral law that guides an individual's conduct.

Collectivism

The belief that people should prioritize the good of society above the advancement of the individual.

Circadian Rhythm

A natural, internal process that regulates the sleep-wake cycle and repeats roughly every 24 hours.