In the industry lifecycle model, when patents expire and rivalry becomes more fierce with larger players, the industry is likely in the ___________ stage.
A)introduction
B)growth
C)maturity
D)decline

Question

Quizplus · Accepted Answer

In the maturity stage of the industry lifecycle model, the early adopters have already adopted the technology or product, patents have expired, and the market has become saturated. This leads to increased rivalry among larger players as they compete for market share and profits. Therefore, as per the question, the industry is likely in the maturity stage.

In the Industry Lifecycle Model, When Patents Expire and Rivalry