Question: Industry dynamics are important because Multiple choice question. it will reveal a type of life cycle growth stage marked by a very rapid increase in

Industry dynamics are important because Multiple choice question. it will reveal a type of life cycle growth stage marked by a very rapid increase in sales in a relatively short time. compressed business stages will emerge when there is a fast decrease or increase in the number of firms. the changes in competition, sales, and profits will indicate if it is a good time to enter a market. it proves when new technology dictates that businesses must rapidly change or exit the market

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