What might cause an industry's sales to decline?
A) Changes in consumer tastes
B) Product obsolescence
C) Growth of substitute products
D) Sluggish economic growth
E) All of the above

Question

Quizplus · Accepted Answer

All of the above factors can cause an industry's sales to decline. Changes in consumer tastes may cause the demand for a product to decrease, product obsolescence may make a product irrelevant, the growth of substitute products may attract consumers away from the original product, and sluggish economic growth may reduce consumer spending. Therefore, all these factors can potentially cause a decline in sales for an industry.

What Might Cause an Industry's Sales to Decline