Question: Question: 3 (33 marks) Industry life-cycle can be explored from several levels- from the life cycle of an entire industry to the life cycle of

Question: 3 (33 marks)

Industry life-cycle can be explored from several levels- from the life cycle of an entire industry to the life cycle of a single model of a product or service. Critically discuss how each stage of the industry life cycle can play a role in decisions that managers must make at the business level. Discuss the key success factors/strategies for each stage? Provide an example for each stage. (500 words)

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