In this week's Module, Chapter 2 discusses the 5 Industry Life Cycle Stages (Start-up, Rapid Growth,...

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General Management

In this week's Module, Chapter 2 discusses the 5 Industry LifeCycle Stages (Start-up, Rapid Growth, Mature Growth,Stabilization/maturity, and Decline). When analyzing a firm'sperformance, it is important to be able to determine and interpretwhere the given firm's financial position ranks among the 5 LifeCycle Stages.
Deliverable:
For this week's Critical Thinking assignment, identify 5 Companiesor Organizations that are currently in each of the respective LifeCycle Stages. Support each choice with a short paragraph,explaining why they would be placed in the chosen category. Citesources.

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Industry life cycle stages consist of five stages which are Introduction stage When any new product is introduced into the market then its comes under introductory stage As the product is new in the market a lot of promotional activities are done in order to create awareness among the consumer so that they can purchase it In introductory phase focus on given on 4ps which are product price promotion place because if your 4ps is strong then only the potential consumers will get attracted to the products and buy them For example of introductory stage is electric vehicle which is being recently introduced by the some of the automobile companies and there are some products in the See Answer

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