Which of the following statements is true of the growth stage in the industry life cycle?
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Business, 26.10.2019 00:43 pippalotta
Which of the following statements is true of the growth stage in the industry life cycle?
• the prices begin to fall during this stage when compared to the introduction stage.
• the type of buyers during this stage consists of the late majority.
• the basis of competition tends to move away from process innovations toward product innovations.
• the objective of firms during this stage is to pursue a harvest strategy.
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