Consider the life-cycle of an industry. Which stage would you consider brewing to be in:________.a. Embryonicb. Growthc. Matured. Declining

In the Mature stage of an industry, the product is already well known, the market saturated and competition is fierce amongst the number of participants who remain. Competition comes in form of trying to reduce costs as well as strong advertising to push sales.

The Brewing industry produces a well known product in alcoholic beverages and the market is quite saturated. Competition is fierce amongst participants as they try to get more market share and there is a strong focus on advertising to drive sales. Brewing is therefore at the Mature stage in the life-cycle of an industry.

ogorwyne ogorwyne · Answer 2 · 2022-01-27T11:26:49+01:00

In the life cycle of industries we would consider brewing to be in the mature stage of the industry.

What is the life-cycle of an industry?

This is used to refer to the cycle that industries take from the stage where they are being planned to when they begin to function.

The brewing process is at maturity due to the fact that the product is already being developed by the brewing industry.

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