6 which of the following stages of the industry cycles offers the highest potential returns and greatest risk? 1. Pioneer development 2. Rapid acceleration growth 3. Mature growth 4. Stabilisation/market maturity 5. Deceleration growth 7 at what stage of the industry cycle life would face an influx of competition? 1. Pioneer development 2. Rapid acceleration growth 3. Mature growth 4. Deceleration growth