Which of the following is a drawback of using the industry life cycle as a framework to guide strategic choice?
A) The framework believes that the life cycle of industries is unpredictable.
B) The framework does not explain everything about changes in industries.
C) The framework is based on the tenet that industries can be rejuvenated even in the declining stage.
D) The framework believes that the number and size of competitors remain constant throughout the life cycle.

Question

Quizplus · Accepted Answer

Although the industry life cycle is a useful tool, it does not explain everything about changes in industries. Some industries may never go through the entire life cycle, while others are continually renewed through innovation.

Which of the Following Is a Drawback of Using the Industry