HOW CAN THE INDUSTRY LIFE CYCLE AFFECT THE
IMPLEMENTATION OF A BUSINESS PLAN?

Question

HOW CAN THE INDUSTRY  LIFE CYCLE  AFFECT THE
IMPLEMENTATION OF A BUSINESS PLAN?

Accepted Answer

If the product
industry is in the process of completion, the company should not enter the
market with it

Answer

If the industry is
growing, the company is at  risk  of starting a business in this area

Answer

If the industry is
nearing completion, the company should have time to start producing this
product or service

Answer

If the industry is at an early stage of
development, the company should not enter the market with it

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