Growth Industry


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Growth Industry

An industry in an early phase of existence marked by an end to technological innovation and the beginning of an attempt by different companies in the industry to gain larger market shares. That is, even if two competing companies make exactly the same product, they will use marketing, pricing, and other methods to become a leader in that product's market. These companies experience high earnings and/or revenue, though they often reinvest their profits into further growth of the company and as a result tend to pay out low dividends. See also: Industry Life Cycle, Three-Phase DDM.
References in periodicals archive ?
We think those figures reflect our belief that assisted living is a growth industry and that the financial outlook, despite some concerns, is a healthy one.
Biotechnology may become a growth industry in the next five years.
Health care continues to be a growth industry, despite efforts to control costs.
This investment is an opportunity to back experienced and seasoned operators in an attractive, growth industry.
With the introduction of Secure Destruction Business, we plan to reach not only the many entrepreneurs who have stepped forward to serve this growth industry, but also storage firms that have entered the market as well as recycling industry firms that have been involved in the business for years.
The relationship will allow Hotel Net to focus on attracting new customers in this high growth industry and enhancing the company's technology, while STI Knowledge will focus on providing Hotel Net's existing customers with superior customer service and industry-recognized best practices.
Steve is the perfect candidate to manage our financial operations as we move from promising innovator in a young market to clear leader in a significant growth industry.
According to the Yankee Group report, "The 2002 State of the Wireless Union," the wireless industry is no longer a nascent, growth industry without real revenues and profits.

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