To what competitive force did the printed encyclopedia industry succumb?
A) Positioning and rivalry among competitors
B) Low cost of entry
C) Substitute products or services
D) Increased bargaining power of customers
E) Increased bargaining power of suppliers

Question

Quizplus · Accepted Answer

The printed encyclopedia industry succumbed to the competitive force of substitute products or services, specifically the rise of digital encyclopedias and online information sources. People began to prefer the convenience and accessibility of digital information over print.

To What Competitive Force Did the Printed Encyclopedia Industry Succumb