Collect pictures showing different industries at different stages (scrap book).
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different industries at different stages
Explanation:
- Scrap books may include colorful pages, colorful titles made with the use of colorful markers. And images that match the description.
- Mainly, for every industry there are certain standard stages,
There are 4 phases of an industry's life cycle. Just like a product life cycle. That all stages a product must go through from its research to its peak and maturity followed by decline.
In the case of industry,
- Stage 1 introduction
- Stage 2 growth
- Stage 3 maturity
- Stage 4 decline
Industries are generally not created, instead there are products that exist in it, forming an industry.
A new industry may be formed when in respect to a few aspects like, market size, product specifications, and main competitors there may be some unresolved concerns. The products do not fit in it.
Industries examples include, service industry, telecommunication industry, agricultural industry, manufacturing industry, etc.
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