In an industry life cycle, the shake-out phase ends when:
A. the firms introduce new products or services.
B. the competition between firms increases.
C. the rapid die-off of firms stops.
D. the growth phase begins.
Answer: C
In an industry life cycle, the shake-out phase ends when:
A. the firms introduce new products or services.
B. the competition between firms increases.
C. the rapid die-off of firms stops.
D. the growth phase begins.