An industry in the expansion stage of its life cycle is indicated by its July 13, 2021 by admin Question: An industry in the expansion stage of its life cycle is indicated by its A. Low P/E Ratio. B. High P/E Ratio. C. High Dividend Pay-Out Ratio D. High Default Answer» d. High Default Note: The above multiple-choice question is for all general and Competitive Exams in India.