Final answer:
The downfall of Crumbs, the first publicly traded cupcake bakery, was caused by inconsistent quality, high prices, and market saturation.
Step-by-step explanation:
The downfall of Crumbs, the first publicly traded cupcake bakery, can be attributed to several factors.
- Inconsistent quality: Crumbs faced issues with maintaining consistent quality in their products, which led to customer dissatisfaction.
- High prices: The bakery charged high prices for their cupcakes, which made them less attractive to customers, especially in a competitive market.
- Market saturation: The cupcake market became saturated with multiple competitors, making it harder for Crumbs to stand out and attract customers.
These factors combined ultimately led to the downfall of Crumbs.
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