Question

Which of the following lists the stages of the industry life cycle in the correct order?

O introduction, growth, shakeout, maturity, and decline
O introduction, growth, maturity, shakeout, and decline
O introduction, shakeout, growth, maturity, and decline
O introduction, shakeout, maturity, growth, and decline

Answer 1

The correct order of the stages of the industry life cycle is: introduction, growth, shakeout, maturity, and decline. The introduction stage is where a new product or service is introduced to the market. The growth stage is characterized by increasing demand and sales. The shakeout stage involves consolidation and competition among industry participants. The maturity stage is when the market reaches its maximum growth potential. Finally, the decline stage is marked by a decrease in demand and sales.

Step-by-step explanation:

The introduction stage is where a new product or service is introduced to the market. The growth stage is characterized by increasing demand and sales. The shakeout stage involves consolidation and competition among industry participants. The maturity stage is when the market reaches its maximum growth potential. Finally, the decline stage is marked by a decrease in demand and sales.

The shakeout stage involves consolidation and competition among industry participants. The maturity stage is when the market reaches its maximum growth potential. Finally, the decline stage is marked by a decrease in demand and sales.