An embryonic industry is one that: a. includes a number of small- and medium-sized companies. b. is just beginning to develop and customer demand is initially limited. c. has sufficiently developed so that early industry leaders have already been identified. d. has initial government backing because of its importance to the general populace. e. is characterized by intense rivalry among established companies.

An embryonic industry is one that is just beginning to develop and customer demand is initially limited.

Option: B

Explanation:

The introduction stage of the lifecycle of the company or industry is described as the state of infancy or of embryos. It is here that early adopters of new technologies, technology or processes usually carve out a market niche and grow goods and services in reaction to an established requirement. The decreasing stage of the life cycle of the business is when certain businesses start leaving the market, and mergers and acquisitions reach a peak.

explanation:

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