Multiple Choice
As an alternative to decline an industry may be able renew itself. This can be accomplished by
A) reconfiguring the industry value chain.
B) acquiring the firms producing the products or services that have caused the industry's decline and closing them.
C) continuing to market the benefits of the industry's existing products so that interest in them is refreshed.
D) lowering the barriers to entry, thereby causing firms with new ideas to enter the industry.
Correct Answer:

Verified
Correct Answer:
Verified
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