The threat of substitutes is the most significant force in the _____ industry structure introductory decline growth mature

1 answer:

7 0

The threat of substitute is the most significant force in the DECLINE industry structure.
At the decline stage of an industry, capacity to produce a product exceed supply, thus increasing the power of buyers. At this stage, substitute is the most potent operating force and is usually the reason for the declining of the company.

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