Which of the Following Is the Proper Order of the Industry

question 11

Multiple Choice

Which of the following is the proper order of the industry life cycle?

• A)Development, growth, expansion, maturity, decline
• B)Expansion, growth, development, maturity, decline
• C)Development, expansion, growth, maturity, decline
• D)Expansion, development, growth, maturity, decline
• E)Growth, development, expansion, maturity, decline

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Definitions:

Customer Lifestyles

refers to the way a customer lives, including activities, interests, opinions, and demographic characteristics, and how these factors influence their buying behavior.

Population Shifts

Changes in the size, location, age, or composition of a population over time.

Substantial

Of considerable importance, size, or worth; something that is significant or heavily built.

Marketing Mix

The strategic blend of the four Ps—product, price, place, and promotion—used by businesses to target their market effectively and meet consumer needs.