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In a typical competitive life cycle, what pattern do we see?
Question: In a typical competitive life cycle, what pattern do we see?
- Emergent phase: many firms
- Growth phase: product success, existing firms extremely profitable
- Mature phase: market grows
- Emergent phase: few firms
- Growth phase: product success, new entrants
- Mature phase: market saturates, fewer profits, firms exit
- Emergent phase: many firms
- Growth phase: product success, new entrants
- Mature phase: market saturates, fewer profits, firms exit industry
- Emergent phase: few firms
- Growth phase: product success, new firms
- Mature phase: number of firms grows
Answers:
Conclusion of In a typical competitive life cycle, what pattern do we see?
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