identify grow industry ,a mature industry
Answers
Answer:
An industry in which future growth is so limited that firms in it must grow by taking sales from competitors or by diversifying. ... The automotive, petroleum, and tobacco industries are examples of mature industries.
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Answer:
A mature industry is an industry that has passed both the emerging and growth phases of industry growth. At the beginning of the industry lifecycle, new products or services find use in the marketplace. Many businesses may spring up trying to profit from the new product demand.
A growth industry is that sector of an economy which experiences a higher-than-average growth rate as compared to other sectors. Growth industries are often new or pioneer industries that did not exist in the past. Their growth is a result of demand for new products or services offered by companies in the field.