Final answer:
The downfall of Crumbs, the first cupcake bakery to be publicly traded, was mainly due to inconsistent quality, market saturation, and high prices.
Step-by-step explanation:
The downfall of Crumbs, the first cupcake bakery to be publicly traded, can be attributed to a few factors, one of which is inconsistent quality. Customers expect consistent quality in the products they purchase, and if Crumbs failed to deliver that, it could lead to a loss of trust and customers. Another factor that contributed to their downfall was market saturation. As more cupcake bakeries entered the market, competition increased, making it challenging for Crumbs to stand out. Finally, prices that were too high also played a role. If the prices were too high compared to competitors, customers may have been deterred from purchasing from Crumbs.
Learn more about Downfall of Crumbs cupcake bakery