Which of the following statements about growth industries is true?
A) They typically have high barriers to entry.
B) They tend to be characterized by weak rivalry.
C) They are characterized by low demands.
D) They increase prices because customers are more aware of the industry's product.
E) They inhibit the development of distribution channels.

Question

Quizplus · Accepted Answer

Growth industries often have weak rivalry because the market is expanding, allowing multiple companies to grow without directly competing for the same customers.

Which of the Following Statements About Growth Industries Is True