Growth stage of the industry life cycle

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Reference no: EM133085804

Please answer the following question below:

1) In the growth stage of the industry life cycle, why the barrier to entry is lower?

2) In the growth stage of the industry life cycle, the proof of concept is completed. So what does this means?

3) In the growth stage of the industry life cycle, why the core competencies are in the manufacturing and marketing department?

Reference no: EM133085804

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