28. Which of the following is the proper order of the industry life cycle? A) Development, growth, expansion, maturity, decline B) Expansion, growth, development, maturity, decline C) Development, expansion, growth, maturity, decline D) Expansion, development, growth, maturity, decline 29. Industries in the maturity stage will typically have the following characteristics: A) Flattening growth rates and higher cash dividends. B) Sales growth at an increasing rate and stock dividends C) Sales decreasing at an accelerating rate and cash dividends D) None of the above