The stage in an industry's growth cycle in which product acceptance is spreading, investors can foresee the industry's future, and overall economic variables have little to do with the industry's overall performance, is known as the
A) initial development stage.
B) rapid expansion stage.
C) mature growth stage.
D) stability or decline stage.

Question

Quizplus · Accepted Answer

The rapid expansion stage is characterized by increasing customer acceptance and investor optimism, and the industry is focused on expanding production capacity to meet growing demand. This stage typically occurs after the initial development stage and before the industry reaches maturity, so economic variables have less of an impact on overall performance.

The Stage in an Industry's Growth Cycle in Which Product