Which of the Following Is a Feature of the Shakeout

question 66

Multiple Choice

Which of the following is a feature of the shakeout phase of the industry life cycle?

• A) There is rapid industry growth during this stage.
• B) Market demand in this stage primarily consists of first-time adopters.
• C) Competitive intensity within the industry increases.
• D) The mode of competition shifts from price to non-price in this stage.

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Definitions:

Marker Events

Significant occurrences or milestones that mark an important change or stage in a person’s life, such as birth, marriage, or retirement.

Stagnation

A state of being static or having ceased to grow or develop, often used in psychological contexts to describe a lack of progression in personal development.

Erik Erikson

A prominent psychologist known for his theory of psychosocial development that outlines eight stages from infancy to adulthood, focusing on the development of identity and the influence of social experiences.

Middle-Aged Adults

Individuals who are typically between the ages of approximately 40 and 65, often experiencing transitions in physical health, occupations, and family dynamics.