Which of These Statements Regarding the Industry Life Cycle Is

question 85

Multiple Choice

Which of these statements regarding the industry life cycle is correct?

• A) Part of the power of the market life cycle is its ability to serve as a short-run forecasting device.
• B) Trends suggested by the market life cycle model are generally not reversible or repeatable.
• C) It points out the need to maintain a differentiation advantage and a low cost advantage simultaneously.
• D) It has important implications for company generic strategies, functional areas, value-creating activities, and overall objectives.

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Definitions:

Biological Clock

An internal mechanism in organisms that controls the cycle of biological processes and behaviors in a roughly 24-hour cycle, known as the circadian rhythm.

Hypothalamus

A region of the brain that controls an immense number of bodily functions, including temperature regulation and thirst.

Circadian Rhythms

Biological processes that display an endogenous, entrainable oscillation of about 24 hours, regulating various physiological processes including the sleep-wake cycle.

REM Sleep

A stage of sleep characterized by rapid eye movements, low muscle tone, and vivid dreams.