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The threat of substitutes is the most significant force in the _____ industry structure introductory decline growth mature

User Shawnta
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The threat of substitute is the most significant force in the DECLINE industry structure.
At the decline stage of an industry, capacity to produce a product exceed supply, thus increasing the power of buyers. At this stage, substitute is the most potent operating force and is usually the reason for the declining of the company.
User Nayana Priyankara
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