Mature stage has high barriers to entry and there is little or no growth. It is also
likely that industry consolidation takes place.
Equity Investments MCQ - Equity Investments Section 2
A growth industry tends to be characterized by rapidly increasing demand,
improving profitability, falling prices, and relativity low competition among
companies in the industry.
Non-cyclical companies produce goods or services for which demand remains
relatively stable throughout the business cycle. The consumer staples sector
exhibits relatively less economic sensitivity and thus tends to be over-weighted
during economic slowdowns and when revenues and profits are expected to be
under pressure.
