The phases of the industry life cycle are introduction, growth, maturity, consolidation, and finally, decline<\/a>. These are similar to the phases of the economic cycle, which are expansion, peak, contraction, and trough.<\/p>"
}
}
,
{
"@type": "Question",
"name": "How Is the Industry Life Cycle Analyzed?",
"acceptedAnswer": {
"@type": "Answer",
"text": " Industry life cycle analysis<\/a> involved examining three elements of growth within an industry: how attractive the industry is to customers and investors; the factors that impact an individual company's failure or success, and the broader social, economic, and political forces that impact the industry.<\/p>"
}
}
,
{
"@type": "Question",
"name": "What Are Ways That Consolidation Happens?",
"acceptedAnswer": {
"@type": "Answer",
"text": " Businesses may merge together to form a new entity, known as statutory consolidation. A larger company may acquire a smaller one, either integrating it into itself or continuing to run it as a separate business with the same corporate parent company. Consolidation can also happen through stock acquisition, in which one company buys a controlling share of the stock of another company, but both companies continue to exist.<\/p>"
}
}
]
} ] }
]