Stage 1 of the industry life cycle is characterized by all of the following EXCEPT:
A) there is little demand for the company's products and services.
B) the firm's revenue is low but there are high prospects for growth.
C) competition is fierce and profit margins begin to narrow.
D) firms need a significant amount of cash in order to grow.
C
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Myra’s organization provides group health insurance. Under her coverage, Myra can see any physician or go to any medical facility. However, if she goes to a physician or facility outside those identified by her plan, she will have to pay a larger percentage of the costs. Her group health insurance is a ______.
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Indicate whether the statement is true or false
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