59.) Which of the following stages of the industry life cycle is characterized by limited competition and high profit margins?

a. Pioneering development.

b. Mature growth.

c. Market maturity.

d. Rapid growth.

60.)Which of the following is not one of Porter's five competitive forces used to evaluate the attractiveness of a specific industry?

a. Rivalry among present competitors.

b. Threat of new entrants.

c. Bargaining power of employee unions.

d. Substitute products.