AgfaPhoto, the Struggling Consumer Imaging Company, Recently Filed for Bankruptcy

AgfaPhoto, the struggling consumer imaging company, recently filed for bankruptcy. It is one of many companies that have fallen victim to the shift from traditional film to digital photography. The cause of the bankruptcy was the fact:

A) digital photography is in the acceptance stage of its product life cycle.
B) both traditional film and digital photography are competing for the same product life cycle stage.
C) traditional film photography is in the decline stage of its product life cycle.
D) digital photography is still in the introductory stage of its product life cycle.
E) traditional film photography is in the maturity stage of its product life cycle.