The correct answer is C. Cash cows are always in mature industry.
Explanation:
A cash cow is a company, business area or product that generates a large free cash flow over time. Cash flow depends on the profitability of the company or product, that is, revenues are greater than costs, but also because the surplus is not tied up in the business in the form of working capital.
The cash flow in a company can be used to pay off debt but also as a dividend to owners. An individual product that constitutes a cash cow can help to finance other activities in the company or group.
