Once an industry enters the decline phase, its profits will continue to spiral downward.

Question

Quizplus · Accepted Answer

While it is true that an industry in decline will experience a decrease in profits, it is not necessarily true that the profits will spiral downward without any potential for stabilization or recovery. Some companies may be able to find ways to adapt and remain profitable, while others may choose to exit the industry altogether.

Once an Industry Enters the Decline Phase, Its Profits Will