Question: Declining industries usually aren't big enough or last long enough to warrant speculative expenses like research and development. Try again. Lakshmi Why is this the
Declining industries usually aren't big
enough or last long enough to warrant
speculative expenses like research and
development. Try again.
Lakshmi
Why is this the best option?
By positioning ourselves to buy out competitors
or simply take over their customers as the
industry declines, we could monopolize what's
left of the industry and still make decent
returns.
This allows us to harvest by reducing all our
expenditures and just milking what's left in this
industry with our legacy products. They may be
outdated, but they're still functional.
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