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Q8. Which of the following is NOT characteristic of the growth phase in the industry life cycle? 1.Consumer will accept uneven quality. 2.Products have technical

Q8. Which of the following is NOT characteristic of the "growth" phase in the industry life cycle?

1.Consumer will accept uneven quality.

2.Products have technical and performance differentiation.

3.Low profits.

4.High labour costs.

5.Many competitors.

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