Which phase of the Industry Life cycle witnesses large number of exits of players?
Select one:
a. Development
b. Growth
c. Shake-out
d. Maturity
e. Decline
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Which phase of the Industry Life cycle witnesses large number of exits of players?
Select one:
a. Development
b. Growth
c. Shake-out
d. Maturity
e. Decline
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Answer:
An industry life cycle depicts the various stages where businesses operate, progress, and slump within an industry. An industry life cycle typically consists of five stages — startup, growth, shakeout, maturity, and decline. These stages can last for different amounts of time – some can be months, some can be years.