Day: November 15, 2024

With respect to an industry’s life cycle, during which stage would competition be expected to be most intense?

Select ONE answer:

1. Introduction
2. Growth
3. Maturity
4. Decline

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 3

1. Not correct
2. Not correct
3. Correct == > It is the maturity stage of an industry’s life cycle that can last for a very long time. During this stage competition would be expected to be most intense (3). In the growth stage (2) there is still market enough for everyone, while in the introduction (1) and decline (2) stages there are far fewer participants in the industry.
4. Not correct

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