Slow growth or a decline in demand for an industry could be caused by

Question

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Technological substitution can make an industry's products or services outdated or less desirable, leading to a decline in demand or slow growth. Strong branding and significant differentiation may help a company within the industry but will not necessarily affect the overall demand for the industry. Integration involves merging or acquiring other companies, which could lead to growth or decline depending on the strategy and success of the integration.

Slow Growth or a Decline in Demand for an Industry