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) customer's bargaining power

Question

Quizplus · Accepted Answer

The printed encyclopedia industry succumbed to the competitive force of substitute products or services. The rise of digital technologies and online sources provided a cheaper and more accessible substitute for printed encyclopedias, leading to a decline in sales and ultimately the demise of many traditional encyclopedia publishers.

To What Competitive Force Did the Printed Encyclopedia Industry Succumb