Provide an example for each industry classification group based on 1) where they are in their...

Provide an example for each industry classification group based on 1) where they are in their life cycle, and 2) how the react to the economy's business cycle

Expert Solution

Generally the industries are classified based on their life cycle as give below.

1. Industries in Introduction stage

2. Industries in Growth stage

3. Industries in maturity stage

4. Industries in Decline stage.

a. Industries in Introduction stage: These industries include Electrical cars industry, DTH industry, OTT industry, Online education, Defence equipments manufacturing industry etc.

These industries are going to have low to moderate sales as economy is transforming to the next level.

b.Industries in Growth stage: These industries include cloud computing, Digital solutions, Small finance banks, payments banks. etc.,

c.Industries in maturity stage: These industries include telecom industry, Cement industry etc.

d. Industries in decline stage: These sectors includes cigerette industry because of government regulation this particular industry sales are going on decreasing.

jeff jeffy answered 2 years ago

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