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Stages of the Business Life Cycle
The oil well equipment industry would be placed in the declining stages of the business life cycle. This is largely due to the increasing environmental pressure and the increase in the number of oil well companies Vis a Vis the declining development of new oil wells.
The computer hardware industry would be categorized in the consolidation stage of the business life cycle. This is due to the long-standing nature of the industry as well as the proof of a continuous market with eminent leaders.
The computer software industry would be placed in the consolidation stage of the business life cycle. The computer software meets the characteristics of an industry in the consolidation stage: a long period of establishment, the existence of a proven product(s), and the existence of market leaders.
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The genetic engineering industry would be categorized in the startup stage. The industry is relatively new and is still in development. The products have not yet flooded, and there is expected growth in sales for the industry.
The rail road industry is placed in the declining stage. The major characteristics of this stage are an increase in costs, stabilized sales, and diminishing profits, all of which are presently visible in the rail road industry.
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