The _____ is marked by a stabilization of demand,with firms in the industry moving to stabilize or improve profits through cost strategies.
A) decline stage
B) maturity stage
C) growth stage
D) retrenchment stage

Question

Quizplus · Accepted Answer

The description matches the characteristics of the maturity stage of the industry life cycle, where demand growth slows down, and competition intensifies, leading firms to focus on cost-cutting measures to maintain or improve profits. The other options (A, C, and D) do not fit the given description.

The _____ Is Marked by a Stabilization of Demand,with Firms