Which of the following is true about stage one of an industry life cycle?
A) Sales figures are high.
B) Potential users are sophisticated.
C) New entrants may be numerous
D) Large firms dominate.

Question

Quizplus · Accepted Answer

In stage one of an industry life cycle, known as the introduction stage, new entrants may be numerous as companies try to capitalize on a new market opportunity.

Which of the Following Is True About Stage One of an Industry