Question
Which of the following statements is not true about typical industry life cycle patterns? A. In the introduction phase, followers are statistically less successful than
Which of the following statements is not true about typical industry life cycle patterns?
A. In the introduction phase, followers are statistically less successful than industry pioneers, as pioneers enjoy first-mover and distribution advantages.
B.Some industries, like those providing basic necessities (food, clothing, etc.), may reach the maturity phase, but may never enter the decline phase since demand for the necessity is never actually reduced or eliminated.
C. Technology based industries can often extend their life cycles by introducing slightly upgraded versions of their existing technologies to spur sales, rather than introducing costly new technologies that replace older versions.
D. In certain industries, a regeneration of life cycles may occur, so that the traditional pattern of introduction to growth to maturity to decline is delayed and/or disrupted
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