Which of the Conditions Prevail When an Industry Is at the End

question 22

Multiple Choice

Which of the conditions prevail when an industry is at the end of its life cycle?

• A) The level of process innovation reaches its maximum as firms attempt to lower cost.
• B) The industry structure is perfectly competitive with a large number of buyers and sellers.
• C) The strategic objectives of businesses will involve gaining market acceptance.
• D) The market reaches its maximum size at this stage.

---

Definitions:

Consensus

A general agreement among members of a group or a process for reaching such an agreement.

High-Performing Teams

Groups that consistently show high levels of collaboration, creativity, and productivity, achieving superior results.

Risk Strategy

A plan of action designed to identify, assess, and manage potential risks to minimize the negative impact on an organization.

External Support

Assistance or resources provided by entities outside of an organization, which can include financial, advisory, or technical support.