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Question) Which of the following is more likely a characteristic of the decline stage of the industry life cycle ? A. Substantial investment is generally

Question) Which of the following is more likely a characteristic of the decline stage of the industry life cycle ? A. Substantial investment is generally required at this stage B. Improving profitability, falling prices, and relativity low competition among companies in the industry C. Industry demand at this stage may decline for a variety of reasons, including technological substitution, social changes, and global competition D. Very low risk of failure of existing companies

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