Question

A few efficient and strong firms in the laptop industry have remained and emerged successful from the shakeout stage. Which of the following stages of the industry life cycle will they move to next?

Answer 1

Answer:

maturity stage

Explanation:

At the maturity stage of the product's life cycle, the remaining companies will see their profits rise since the product is well accepted and its demand is high. The businesses will focus more on retaining their market share, since competition may between the remaining companies may increase. At this stage the main product should be improved or constantly modified to keep customers' preference and stand out over the competition.