Question

Which phase of the Industry Life cycle witnesses large number of exits of players?

Select one:

a. Development

b. Growth

c. Shake-out

d. Maturity

e. Decline 

​

Answer 1

Answer:

An industry life cycle depicts the various stages where businesses operate, progress, and slump within an industry. An industry life cycle typically consists of five stages — startup, growth, shakeout, maturity, and decline. These stages can last for different amounts of time – some can be months, some can be years.