There is likely to be cost cutting and the market can be ‘niched’, possibly looking to overseas markets. Various points can be made about this life cycle. First, a product or an industry may not go...

There is likely to be cost cutting and the market can be ‘niched’, possibly looking to overseas markets. Various points can be made about this life cycle. First, a product or an industry may not go through all of these stages; for example, an industry may not make it past the development stage for a variety of reasons, as in the case of the disc cameras which never found popularity with the public.