Asked by Katie Flynn on Jun 10, 2024

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What annual growth rate is indicative of a thriving and expansive industry-one that creates niches for new entrants?

A) 5 to 10 percent
B) 10 to 20 percent
C) 30 to 50 percent
D) 10 to 25 percent

Annual Growth Rate

The percentage increase in the value of something over a one-year period, often used to measure the expansion of a company or economy.

Expansive Industry

An industry experiencing growth and enlargement, encompassing a wide range of activities and services.

  • Ascertain the effect of enhancing value chains and distribution paths on the generation of opportunities in different sectors.
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Verified Answer

CB
Collin BaileyJun 14, 2024
Final Answer :
C
Explanation :
An annual growth rate of 30 to 50 percent is indicative of a thriving and expansive industry. Such a growth rate creates niches for new entrants and indicates strong demand and opportunity for growth within the industry. A growth rate of 5 to 10 percent or 10 to 20 percent may still be positive but may not provide as much room for new entrants to establish themselves. A growth rate of 10 to 25 percent may be considered good but is still below the range that indicates a highly expansive industry.