There are several stages that product markets go through: These are Embryonic, G

Question

There are several stages that product markets go through: These are Embryonic, Growth, Mature and Declining;

A. Mature and declining markets by virtue of their lack of growth can be high barrier companies, whose earnings can grow faster than sales for an extended period of time by reducing costs rapidly.

B. Mature markets (1-2% growth) can continue to prosper, assuming they maintain excess capacity. These markets are driven by new customer demand.

C. Growth markets take root almost immediately and grow rapidly driven by replacement buyers

Explanation / Answer

There are several stages that product markets go through: These are Embryonic, Growth, Mature and Declining;

C. Growth markets take root almost immediately and grow rapidly driven by replacement buyers

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