Since his target market is youngsters, Josie's target audience is females between the ages of 10 and 14.
The definition of a target market is A company's target market is a portion of the market that is open to it. Marketing efforts and resources are frequently concentrated on the target market because no organization has unlimited marketing resources or money for advertising.
2. Josie should charge between one and ten dollars for each necklace target market considering that her target market consists of ladies between the ages of 10 and 14.
3. Because the focus group was set up to obtain opinions from a target market, the results from the focus group are descriptive rather than quantifiable, which means that the focus group is producing qualitative data.
4. A small boutique's inventory was chosen using quantitative data from an online article on European fashion trends.
To categorise data, choose one of the four broad categories.
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fred has heard rumblings from some creditors about forcing friendly foam into bankruptcy before he is ready just so they can get paid more quickly. he asks you whether this is just bluster or an action the creditors can actually take. how should you respond?
Yes, it is true that creditors can file petitions, and these are allowed under bankruptcy chapter. So, what Fred heard is true.
A creditor is an individual or organization that offers other party money to borrow money, often through a loan arrangement or agreement. Creditors are frequently divided into personal and actual categories.
People who lend money to their friends, families, or a business that beneficial for a variety service or supplies to a business or individual but permits a delays and cost overruns may be regarded as private creditors.
Real creditors are bankers or financial businesses with contractual arrangements and loan commitments that grant the lender the power to seize any of the borrower's tangible goods or security if person fails to repay the loan.
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an investor wishes to purchase 100 shares of an nyse-listed common stock. the instructions to the registered representative taking the order stipulate that the purchase is to be made as close as possible to the closing price of the stock. shortly after the order is entered, there is a level 3 trading halt. what is the effect of this halt on the investor's order?
The effect is that the order is cancelled.
A trading service will offer pricing data on a securities as a level III quote. The real-time bid price, ask price, quote size, cost and size of the most recent trade, as well as the day's high and low prices, are all included.
Institutions are permitted to send information, execute orders, and enter quotes at Level III. The level III service is only available to registered Nasdaq market makers since it provides a high level of market depth.
Shares of a publicly traded corporation are made available for trading on a stock exchange. A corporation that is listed in the United States has satisfied the Securities and Exchange Commission's (SEC) requirements for offering shares for sale to the general public and has been approved for trading on a market like the New York Stock Exchange.
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surfshack corp. buys surfboards, wetsuits, and surf wax from rip to shreds, inc. for sale to consumers. what type of company is surfshack corp? multiple choice question. service business wholesale merchandiser retail merchandiser manufacturer
Buys surfboards, wetsuits, and surf wax from rip to shreds, inc. for sale to consumers. The type of company is surf shack corp is a retail merchandiser.
Merchandising is any practice that contributes to the sale of products to retail consumers. At the retail level, merchandising refers to the presentation of products that are sold in creative ways that induce customers to purchase more items or products.
Retail store clerks are responsible for ensuring that appropriate quantities of merchandise are available in stores and sold at appropriate prices. Clever planning, careful purchases, and smart advertising campaigns can increase your profits.
Merchandisers keep merchandise on retail shelves and present it appropriately to customers. They also track inventory levels, report problems and shortages to management, and clean up unwanted items for blatant violations of store decor.
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question content areain terms of probability, which of the following taxpayers would be least likely to be audited by the irs? a.taxpayer is an employed electrician. b.taxpayer owns and operates a check-cashing service. c.taxpayer just received a $3 million personal injury award as a result of a lawsuit. d.taxpayer just won a $1 million slot machine jackpot at a las vegas casino.
The right response is (b). The taxpayer owns and runs a check-cashing business.
Who are taxpayers?
A taxpayer is anyone who owes taxes to the federal, state, as well as local governments, whether they are an individual or a business. Governments primarily obtain their funding from taxes, which are levied on both citizens and companies. Individual taxpayers in the US are typically required to file as well as pay both federal as well as state returns each year. Businesses must also submit yearly returns, but they typically budget for and make scheduled estimated tax payments all year long. The federal, state, as well as local governments all play a role in enacting and enforcing the U.S. tax code. The primary regulatory body in charge of enforcing the implemented revenue tax code both for people and enterprises is indeed the Internal Revenue Service (IRS).
By taxpayer income, audit trends vary. IRS audited taxpayers with earnings of $500,000 or more and those earning under $25,000 at higher-than-average rates in recent years.
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merchandise with an invoice price of $5,000 is purchased on september 2 subject to terms of 2/10, n/30, fob destination. freight costs paid by the seller totaled $200. what is the cost of the merchandise if paid on september 12, assuming the discount is taken? $5,200 $5,096 $4,704 $4,900
When a potential customer enters your store, merchandise refers to everything you do to advertise and sell your products. When we discuss merchandise, we are usually referring to goods that may be purchased, usually in a retail setting.
Explain about the merchandise ?Any item you can sell or buy is referred to as merchandise. The term "merchandise" refers to any good that is offered for sale; some examples are groceries at a supermarket, clothing in a retail setting, electronics online, and raw materials in a manufacturing facility.
Given:
On September 2, an invoice for $5,000 is paid under the conditions of 2/10, n/30, and fob destination.
The Seller paid a total of $200 for freight.
Expenses are paid on September 12.
Because September 12 is still inside the 10-day discount period, the payment is made net of discounts.
5,000 x 2% = 100
5,000 - 100 = 4900
If made on September 12, the needed payment is $4900.
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in project schedule management, the main goal of which process is to ensure that the project team has complete understanding of all the work they must do as part of the project scope so they can start scheduling the work?
The major objective of defining activities is to make sure that the project team fully comprehends all of the work that is required as part of the project scope so that they can begin scheduling the work.
What is project schedule in project management?A project schedule is a method for communicating what tasks should be completed, who in the company will complete them, and when they should be completed. The majority of the effort involved in completing the task on time should be included in the project timeline. The project manager won't be able to talk about costs and resources that are crucial to completing the project if there isn't a clear timeline.
Project managers can track project schedules, resources, budgets, and project-related assets in real time thanks to some software. Coworkers involved in the job can view and amend the project schedule, which keeps everyone up to date on the state of the project as a whole.
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What happens when the price of a good adjusts to bring the quantity demanded and the quantity supplied into balance?.
At the price where quantities requested and supplied are equal, market equilibrium is reached. By displaying the total price and quantity at which the supply and demand curves intersect, we may visualize a market in equilibrium.
What is Market equilibrium?There is a point where the supply and demand curves overlap; this point is known as the market equilibrium. The amount is the equilibrium quantity, and the price is the equilibrium price at this intersection.February 19, 2020 If the quantity demanded and the quantity provided are equal at the market price, the market is in equilibrium.The price at which the quantity supplied and demanded are equal is known as the equilibrium price or market clearing price, and the quantity that corresponds to that price is known as the equilibrium quantity.By displaying the total price and quantity at which the supply and demand curves intersect, we may visualize a market in equilibrium.To learn more about Market equilibrium refer to:
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deluge writing is preparing to launch a new product. the cfo has been asked to present a financing plan to the board. what would be his best approach if he wants to keep the company from being heavily leveraged?
As the CFO has been asked to present a financing plan to the board, his best approach to keep the company from being heavily leveraged from product launch will be to maintain a moderate debt level.
What do we mean by Financial leverage?Basically, a leverage means the use of debt (borrowed capital) in order to undertake an investment or project. The result of the process is to multiply the potential returns from a project but it will also multiply the potential downside risk in case the investment does not pan out.
Going forward, when we refers to a company as "highly leveraged," this means that item has more debt than equity. In conclusion, most investors use leverage to significantly increase the returns that can be provided on an investment.
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a forklift operator in an auto parts warehouse, haider recognized that his employer did not follow osha standards such as pre-shift safety inspections, enforcing speed limits, or ensuring all forklift operators were certified. after a coworker was seriously injured on the job, haider acted as a(n) and filed a report with osha and gave an interview to the local news.
Haider acted as a whistleblower after a coworker suffered a serious workplace injury, reporting the incident to OSHA and speaking with the local media.
A whistleblower is what?
A whistleblower is someone who discloses information about activity inside a private or public organization that is thought to be unlawful, immoral, illicit, dangerous, or fraudulent. They are frequent employees. Whistleblowers can share information or accusations through a variety of internal or external channels.
In the hopes that the company will address and resolve the problems, over 83% of whistleblowers report internally to a supervisor, human resources, compliance, or a neutral third party within the organization. A whistleblower may also make allegations public by speaking with outside groups like the press, the government, or law enforcement. Both the public and private sectors are susceptible to whistleblowing.
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xyz company is paying a 25% stock dividend to its common stockholders. if an investor owns 100 shares at $120.00 before the stock dividend, how many shares will the investor own and at what price per share after the dividend is paid?
125 shares for 96 dollars.
How do dividends from stocks appear in a journal entry?
Cash Dividends Payable (a liability account) and Retained Earnings (a stockholders' equity account) are both debited and credited in the journal entry for the declaration of the cash dividends.
What is a dividend on stock of 10%?
Each shareholder will receive an additional share of stock for each ten shares held if the board of directors approves a 10% stock dividend. The corporation will not benefit from the stock dividend, so the value of each share should decrease because each shareholder will receive additional shares.
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the net asset value (nav) of an international bond fund can be expected to increase if interest rates rise abroad. interest rates fall abroad. the u.s. dollar strengthens. the u.s. dollar weakens.
The net asset value of an international bond fund can be expected to increase if, Interest rates fall abroad and the U.S. dollar weakens.
What is net asset value (nav)?
An investment fund's net asset value is calculated by dividing the number of outstanding shares by the net worth of the fund's assets less its liabilities. The price at which the shares of funds registered with the U.S. Securities and Exchange Commission (SEC) are traded is referred to as the NAV most frequently when discussing mutual funds or exchange-traded funds (ETFs).
The difference between an entity's assets and liabilities is referred to as the company's capital for businesses and other legal entities as well as its net assets or net worth. The fund value and price, which are determined by dividing the difference between assets and liabilities by the number of shares held by investors, are referred to as NAV.
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Many economists believe that some unemployment is necessary because many of the unemployed are between Jobs. Write an essay why this might be true.
Unemployment cannot be completely eliminated due to frictional unemployment and structural unemployment.
Why can't unemployment be completely eliminated?Unemployment is when people who are able to work and are willing to work do not have a job but are actively search for employment. The natural rate of unemployment is the employment that would exist when the economy is in full unemployment. In the United States, the natural rate of unemployment is about 6%.
The natural rate of unemployment consists of frictional unemployment and structural unemployment. Structural unemployment is an unemployment that occur due to changes in technology, polices or competition. For example, technological advancement can render some job functions obsolete. Frictional unemployment is the time a person is without job from when he leaves his current job and finds a new job.
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the purpose of title insurance is to: multiple choice protect an owner from changes in mortgage interest rates. transfer ownership of property. protect an owner from unforeseen property claims. cover the closing costs of a real estate transaction. reduce the chance of a decrease in property value.
A declining property value may make it more challenging or cost you less money to sell your house in the future, costing you money over the long haul.
What causes a growth in property value?In other words, as there is a lack of inventory due to a decline in housing supply, property values rise.
There are fewer sellers than there are buyers when there is a lack of available real estate. Adding to the difficulty, it is difficult to find the building supplies and competent workers needed to construct new homes.
The following are some of the crucial elements that affect the value of your home:
local comparisons.
Location.
Size and useable area of a home.
age and health.
updates and improvements.
local marketplace
economic signaling.
rates of interest.
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which statement accurately depicts the current growth of the global capital market? multiple choice question. it is growing slowly. it continues to decline. it is growing quickly. it has stagnated in the past decade.
The statement that is used to accurately depict the current growth rate of the global capital market is that it is growing quickly.
What is the global capital market?The global market can be described as the market where savings would have to meet with a lot of investments.
This is the market where the capital is the savings that is made by the private individuals. In this market, capital that is gotten is as a result of funds that would have tp come from hedge funds, pension and other forms of people that are seeking for interests.
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an organization plans the destruction of old hdds. in an effort to save money, the organization damages the media by impact, but they did not destroy all of the data. which method has the organization tried?
Base on findings the method the organization tried in an effort to save money, the organization damages the media by impact, but they did not destroy all of the data is Degaussing.
What is degaussing?Degaussing is a method use by persons or organization that is use to destroy data permanently from memory devices by removing the magnets or neutralizing the magnetic field in the memory devices which is normally use to store data for use. Degausser is the device use for degaussing..
Therefore, degaussing is the method the organization used to destroy data from media storage.
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it's marketing's job to ensure that consumers have a seamless experience with brands, products, and services at all touchpoints across the globe. what are the three touchpoints?
Digital, analog, and personal are the three touchpoints. A touchpoint is a message or method by which a brand communicates with their target market, providing engagement and allowing the brand to be perceived favourably by the prospective customer.
What is touchpoints in marketing ?A touchpoint is any way for a consumer to interact with a business organisation, whether it is face-to-face, through a website, an app, or any other form of communication. When customers interact with these touchpoints, they have the opportunity to compare their prior perceptions of the company and form an opinion.
Touchpoints in marketing communications refer to the various ways in which a brand interacts with and displays information to prospective and current customers. Touchpoints enable customers to have experiences every time they "touch" any part of a product, service, brand, or organisation, across multiple channels and time.
Touchpoints are a component of the IMC that represent the brand communicators' willingness to use specific communication motives to reach the appropriate target audience.
When a customer buys a product or service, this is used to engage them in the pre- and post-purchase experience. Touchpoints enable prospective customers to learn about the brand and the benefits it provides, allowing them to decide whether or not to purchase the product or service.
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beginning three months from now, you want to be able to withdraw $3,400 each quarter from your bank account to cover college expenses over the next four years. if the account pays .56 percent interest per quarter, how much do you need to have in your bank account today to meet your expense needs over the next four years? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
You need to have in your bank account $607,142.9 to get $3,400 each quarter.
You must consider the fact that multiplying the starting amount by the percentage for computing interest when determining the initial sum of money in your bank.
Interest is calculated as follows: Initial Amount x Interest x Time
The following variables are available.
$3,400 = interest
Initial sum = What we are interested in
Interest = 0.56 percent, or 0.0056 each quarter.
Time = 1 quarter.
$3,400 = Initial amount x 0.0056 x 1
$607,142.9= Initial amount.
Thus, You need to have in your bank account $607,142.9 to get $3,400 each quarter.
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which category of funds is used to account for most of the day-to-day public services provided by a government? a. fiduciary type funds b. enterprise type funds c. proprietary type funds d. governmental-type funds
The category of funds used to account for most of the day-to-day public services provided by a government are called governmental-type funds.
What are the types of governmental funds?General Fund
A general fund is the term used to describe the main operating money for the entire government. It functions partly as a catch-all fund for assets that are neither required nor designated to another fund.. For instance, the general fund receives the federal government of the United States' tax revenue.
Funds for Special Revenue
These are used to keep an eye on the revenue restricted to specific uses from specific sources. It is the most frequently tapped fund, and most commonly, parks, schools, and libraries are funded with its help. The public has access to information on how much was spent on the creation or maintenance of these particular sources.
Fund for Debt Service
Long-term debt issued to finance certain government initiatives is repaid using a debt service fund. The principal as well as interest are inclusive.
Fund for Capital Projects
This takes into account the financial resources needed to build significant capital structures or projects. Work on long-lasting infrastructure, like libraries or governmental structures, is frequently included in capital projects.
Contingent Fund
A restricted endowment fund like this one generates and distributes funds to individuals who are eligible to receive them. For instance, the state's distribution of oil money to Alaskan citizens is one of the most well-liked permanent fund disbursements.
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for the retail inventory method, normal spoilage of inventory is treated as: multiple choice deducted in the retail column after calculating the cost-to-retail ratio. deducted in the cost column before calculating the cost-to-retail ratio. deducted in the cost column after calculating the cost-to-retail ratio. deducted in the retail column before calculating the cost-to-retail ratio.
The spoilage of inventory is deducted in the retail column after calculating the cost-to-retail ratio.
Inventory spoiling is the term used to describe how products naturally degrade while going through the production or inventory stages of the sales cycle. This is the product line degradation that is typically seen as inevitable and expected. Following the determination of the cost-to-retail proportion, spoilage is subtracted from the retail column.
By deducting the period's sales from the items that are currently on the retail market, the retail inventory technique first calculates the quantity of ending inventory at retail. The cost-to-retail ratio is then multiplied by the ending inventory at retail to arrive at the cost. Cost percentages are typically based on partnerships from prior years, which may not accurately represent the relationship at hand. An overestimation of the ending inventory may also result from failing to account for theft or inventory spoilage.
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at the end of each quarter, patti deposits $500 into an account that pays 12% interest compounded quarterly. how much will patti have in the account in three years?
The account Patti owns will have $7096 in three years as per the compound interest.
Step- by- step explanation of compound interesttotal Quantum A = [tex]s( frac{( 1 frac{ r}{ n}){ n * t}- 1}{ frac{ r}{ n}})(/ tex)[/tex]
this is the formula used when certain quantum is added at regular intervals and if the interest is COMPOUNDED)
then,
s = deposit added at the end of each quarter = $ 500
n = number of times interest is compounded per unit' t' = 4
t = total time = 3 times
r = interest rate (expressed in numeric or bit not in) = 12/100 = 0.12)
A = 500[tex]( frac{( 1 frac{0.12}{ 4}){ 4 * 3}- 1}{ frac{0.12}{ 4}})(/ tex)[/tex]
by working further,
A [tex]=500(\frac{1.03)^{12}-1 }{0.03} )\\ \\ 500(\frac{1.42576-1}{0.03} )\\\\500(\frac{1.42576}{0.03})\\ \\=7,096[/tex]
(1.03) 12 = 1.42576(roughly)
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which one is not a criterion for supplier selection? question 1 options: a) communication capability b) enhanced skills c) quality d) cost e) location
The creation of a supplier selection scorecard is the first step in the process of selecting suppliers.
What exactly is a supplier choice?
The method by which businesses select, evaluate, and contract with suppliers is known as supplier selection. A company's financial resources are heavily expended during the supplier selection process, which is crucial to its success.
What are the three primary considerations when choosing suppliers?
Scanning a series of price lists is only one part of the process of selecting the right supplier.A lot of different things, like value for money, quality, dependability, and service, will play a role in your decision.The priorities and strategy of your business will determine how you weigh these various factors.
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average total cost is increasing whenever a. marginal cost is less than average total cost. b. marginal cost is greater than average total cost. c. marginal cost is increasing. d. total cost is increasing
Average total cost is increasing whenever Marginal cost is greater than average total cost.
The AVC (average variable cost), ATC (average total cost), and MC (marginal cost) all rise in tandem with an increase in the price of the variable input. The relative position and shape of the curves remain unchanged. Only the ATC moves up when the price of the fixed input goes up.Typically, they have a U form. The connection between the ATC and the MC, ATC is dropping whenever MC is less than ATC. ATC is rising whenever MC exceeds ATC.Every time the MC rises, the ATC also does. Models of the VC curve depict it as a horizontal line. MC stands for the variation in total cost related to the manufacturing of another unit TC = FC + VC + MC.Thus the correct option is B.
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question mode multiple choice question on november 1, year 1, abc corp. borrowed $100,000 cash on a 1-year note payable with a 6% annual rate that requires abc to pay all the interest as well as the principal on october 31, year 2. assuming the november 1 transaction was properly recorded, how would the december 31, year 1, year-end adjusting entry affect the accounting equation?
The year-end adjusting entry that will affect accounting equation will be- Liabilities increase and stockholders' equity decreases.
Adjusting entries are modifications to previously written entries in your diary. They specifically check that the data company have recorded corresponds to the appropriate accounting periods. Journal entries keep track of how money flows into, out of, and between various accounts in your company.
Making an adjustment entry ensures that the operations of your company are accurately and timely recorded. Your records will show you paying for expenses before they are spending exceeds or collecting unearned earnings before you can use the money if you don't make adjustment entries.
The complete question is here:
On November 1, 2018, ABC Corp. borrowed $100,000 cash on a 1-year note payable with a 6% annual rate that requires ABC to pay all the interest as well as the principal on October 31, 2019. Assuming the November 1 transaction was properly recorded, how would the December 31, 2018, year-end adjusting entry affect the accounting equation?
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1. Why is it so hard to become an accountant in the Philippines when there is a high demand for it?
Accountancy has reportedly been one of the most sought-after courses since, according to what I know. Accountants are in higher demand as additional demand business types start to appear in the developing Philippine economy. The difficulty of staying current with tax legislation is one that accountants continuously deal with.
In the Philippines, all tax and auditing services should be informed of the developments and make effective use of technology. Utilize technology demand to file taxes online. With subjects in math, finance, business, and Accountants, the course load is fairly heavy. Even if some ideas can be difficult, you can succeed if you study the subject and take the time to make sure you comprehend accounting principles in their entirety.
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your bagel shop sells bagels for $1.00 each and currently employs 4 bakers. the marginal product of the last worker hired is 12. the current wage is $8. could you increase profits?
Yes you could increase profits by hiring at least one more worker. The extra production that occurs from adding one unit of an input, like labour, to the current combination of productive elements is known as the marginal product of that input.
marginal product The change in output that results from a change in an input per unit while holding all other input components constant is known as the marginal product. Examples include labour, supplies, etc. Given that all other factors remain constant, the marginal product of labour is determined by dividing the change in output by the change in labour.
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question content area prior to an adjusting entry, prepaid expenses have a.not yet been recorded as expenses b.not yet been recorded as expenses and not been paid c.been incurred and not yet paid d.been recorded as expenses and paid
Although they have been paid, prepaid expenses have not yet been reported as such.
Prepaid expenses are ones that have already been paid for but have not yet been reported as such by a business. To put it another way, prepaid expenses are costs that are paid in one accounting period but won't be recorded until a subsequent accounting period. Because they will have future economic benefits and will be expensed when those benefits materialize, prepaid expenses are initially reported as assets (the matching principle).
Referring to the first instance of prepaid rent, a company's financial statements are unaffected by the initial journal entry for a prepaid expense. Prepaid rent is debited in the first journal entry and cash is credited accounting period.
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when magazines publish special versions of an issue that contain editorial content and advertising geared to a specific demographic or regional grouping, this is known as
Regulated circulation a method of magazine distribution where readers who satisfy a set of advertiser-attractive requirements receive the publication free of charge. This entails free hotel and airline periodicals.
What are the 3 functions of magazine?MARKETING OF GOODS AND SERVICES.ENTERTAINMENT.SURVEILLANCE.Three broad categories of magazine publications are each of which includes more specialized magazines: general interest periodicals specialty publications. professional periodicals.
In general, magazine articles are concise, simple to read, and may have pictures or drawings. A magazine, at its most basic, offers material that may be more in-depth but less current than that of, say, a newspaper. A magazine frequently focuses on trends or concerns and can give context for breaking news.
The best publications not only provide their readers with excellent content, but they also do so in a friendly, conversational manner that builds a connection. An effective editor should leave his or her mark.
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a(n) is a specific version of a product, while a(n) is a group of closely related products that are considered to be a group because of marketing, technical, or end-use considerations.
product item is a specific version of a product, while product line is a group of closely related products that are considered to be a group because of marketing, technical, or end-use considerations.
What is marketing?
Marketing is the process of discovering, developing, and delivering value to satisfy a target market's needs for products and services. It may involve choosing a target audience, choosing particular qualities or themes to emphasise in advertising, running advertising campaigns, participating in trade shows and public events, designing products and packaging that appeal to consumers, and defining the terms of sale, such as the purchase price, discounts, warranties, and return policies. The seller, who is typically a retailer or manufacturer, is responsible for marketing.
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according to immanuel wallerstein, currently, there are many countries whose production is owned or leased by dominating countries but the workers in these countries do not share the same privileges and rights that us workers do. one of these would be
According to immanuel wallerstein, currently, there are many countries whose production is owned or leased by dominating countries but the workers in these countries do not share the same privileges and rights that us workers do. one of these would be Vietnam.
Production is the method of mixing numerous fabric inputs and immaterial inputs with the intention to make something for consumption. it is the act of creating an output, an awesome or service which has cost and contributes to the utility of people.
Production is the method of making or manufacturing items and merchandise from uncooked materials or components. In other phrases, production takes inputs and makes use of them to create an output that is in shape for intake – an amazing or product which has fee to an stop-consumer or consumer.
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while the industry for 5g compatible devices is in the introduction stage, the industry for 3g compatible devices are in the maturity stage. what does this imply?
While the industry for 5g compatible devices is in the introduction stage, the industry for 3g compatible devices are in the maturity stage. It implies that the market for 3G compatible devices has reached its maximum size, whereas the market for 5G compatible devices is still small in size.
The market for 3G-capable gadgets has achieved its maximum size, whilst the market for 5G-capable gadgets is still rather modest. The fourth stage of an industry's life cycle is when the industry structure changes into an oligopoly with a small number of dominant companies. Since the market has grown to its maximum size, future industry demand is probably going to be nil or perhaps negative. However, the initial market size is extremely tiny at this point.
The phrase "industry life cycle" refers to the four stages through which an industry or business grows. Each stage is characterized by certain commercial characteristics. The four stages of an industry's life cycle are introduction, growth, maturity, and decline. Industries are founded when new products are developed, but it is unclear how big the market will be, what the products will look like, and who the main competitors will be.
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