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Stage 3 of the Industry Life Cycle Is Characterized by All

Question 55

Multiple Choice

Stage 3 of the industry life cycle is characterized by all of the following EXCEPT:


A) competition intensifies as more and more firms enter the industry.
B) there is little demand for the company's products and services.
C) revenues continue to grow,but at a slower pace.
D) firms become more efficient at maintaining costs.

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