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Successfully transitioning from one stage of the industry life cycle to the next is referred to as ______.

A. Stepping off the bridge
B. Crossing the chasm
C. Minding the gap
D. Stage-transitioning

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Final answer:

The process of successfully moving from one stage of the industry life cycle to the next is known as 'Crossing the chasm'. It is a pivotal moment that involves adapting strategies to meet the needs of a broader mainstream market.

Step-by-step explanation:

Successfully transitioning from one stage of the industry life cycle to the next is referred to as Crossing the chasm

. This term is used to describe the critical phase in a product or company's life when it moves from early adopters to a more mainstream market.

The concept of transition is important because it signifies a change or movement in development.

When companies face a transition, they deal with challenges distinct to their current stage, requiring them to adapt and evolve their strategies to ensure continued growth and success.

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