Stage 3 of the Industry Life Cycle Is Characterized by All

question 55

Multiple Choice

Stage 3 of the industry life cycle is characterized by all of the following EXCEPT:

• A)competition intensifies as more and more firms enter the industry.
• B)there is little demand for the company's products and services.
• C)revenues continue to grow,but at a slower pace.
• D)firms become more efficient at maintaining costs.

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Definitions:

Fortune Magazine

A globally recognized business magazine that publishes various lists and insights regarding companies, business leaders, and financial trends.

Self-Fulfilling Prophecy

A prediction that directly or indirectly causes itself to become true due to positive feedback between belief and behavior.

Perceptual Defense

The process by which individuals protect themselves from being emotionally disturbed or threatened by denying or distorting reality.

Stereotyping

The act of categorizing individuals or groups into certain characteristics or behaviors without acknowledging individual differences.