What Reason Does The Characteristic Profile Of An Industry Life Cycle Have The ‘S’ Shape Curve

Tuesday July 12, 2022

For what reason does the characteristic profile of an industry life cycle have the ‘S’ shape curve? It is modelled by the product life cycle which is also ‘S’ shaped. It reflects the changing pace at which technology is diffused. It is the result of changes in rates of growth of market demand. It is generated by a quadratic function.

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