Which of These Statements Regarding the Industry Life Cycle Is

Multiple Choice

Which of these statements regarding the industry life cycle is true?

A) Partial power of the market life cycle is its ability to serve as a short-run forecasting device.
B) Trends suggested by the market life cycle model are generally not reversible or repeatable.
C) It points out the need to maintain a differentiation advantage and a low cost advantage.
D) It is important for company generic strategies, functional areas, value-creating activities, and overall objectives.