Which of the Conditions Prevail When an Industry Is at the End

Multiple Choice

Which of the conditions prevail when an industry is at the end of its life cycle?

A) The level of process innovation reaches its maximum as firms attempt to lower cost.
B) The industry structure is perfectly competitive with a large number of buyers and sellers.
C) The strategic objectives of businesses will involve gaining market acceptance.
D) The market reaches its maximum size at this stage.