Multiple Choice
Stage 1 of the industry life cycle is characterized by all of the following EXCEPT:
A) there is little demand for the company's products and services.
B) the firm's revenue is low but there are high prospects for growth.
C) competition is fierce and profit margins begin to narrow.
D) firms need a significant amount of cash in order to grow.
Correct Answer:
Verified
Correct Answer:
Verified
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