Facebook has become wildly popular around the world. Although a relatively young

company, founded in $2004,$ Facebook has been able to achieve great success. I would like to you

to explore the idea of Industry Life$-$Cycle stages on pages $158-164$ of your book. The objective of

this question is to analyze the Industry Life$-$Cycle stages. And, apply them to Facebook.

Answer the questions below:

$1)$ Briefly explain each of the four Industry Life$-$Cycle Stages.

$2)$ Explain which stage you feel Facebook is in$.$ Please keep in mind that new competitors arrive

in the marketplace virtually daily. So$,$ just because it may seem only a few years old, it can, in

fact, be old in terms of the marketplace. The objective here is to identify why you think

Facebook finds themselves in a particular Life$-$Cycle stage. Please identify the stage clearly.

$3)$ Explain why you think they are in that particular stage. And, what actions do you recommend

Facebook take moving forward.

Again, remember to find some third$-$party information that helps your position and include it within the

sentence structure of your answers. There is plenty written about this company.