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Management · Q200

Strategic Management

Graduate and Post Graduate · Management · question 200

Q200

A young industry that is beginning to form is considered to be in __________ stage

A.
Introduction
Answer
B.
Growth
C.
Shakeout
D.
Maturity

Answer: Option A

Solution

Answer: Option A
Solution:
A young industry that is beginning to form is considered to be in Introduction stage. Demand for the industry's outputs is low at this time because product and/or service awareness is still developing.