A. Introduction
B. Growth
C. Shakeout
D. Maturity
✅ The correct answer is option A.
A young industry that is beginning to form is considered to be in Introduction stage. Demand for the industry’s outputs is low at this time because product and/or service awareness is still developing.
A young industry that is beginning to form is considered to be in Introduction stage. Demand for the industry’s outputs is low at this time because product and/or service awareness is still developing.