Session 14: Equity Analysis and Valuation
Reading 59: Introduction to Industry and Company Analysis
LOS g: Describe product and industry life cycle models, classify an industry as to life cycle phase (e.g., embryonic, growth, shakeout, maturity, or decline) based on a description of it, and discuss the limitations of the life-cycle concept in forecasting industry performance.
Declining prices that result from the development of substitute products are most likely to characterize an industry in the:
The decline stage of the industry life cycle is often characterized by declining prices as substitute products or global competition emerge, or as a result of decreasing demand due to societal changes. | 
发表于 2011-3-30 11:27
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