Question: Why can the industry life - cycle model be considered only a generalization? The first industry to market has a different life - cycle than

Why can the industry life-cycle model be considered only a generalization?
The first industry to market has a different life-cycle than later rivals.
Life-cycles do not always follow a pattern.
Cycles have finite time spans.
Innovation does not always affect the industry.
Why can the industry life-cycle model be considered only a generalization?

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