Declining Industry

An industry producing one or more products that are declining in demand, profitability, or both. A declining industry may be suffering losses, or it may still be making a profit that has been shrinking consistently. An industry may go into decline for a number of reasons. The economy may decline and the industry's products may suddenly be considered luxuries. Alternatively, a new technology may be developed that renders an industry obsolete. For example, the video cassette recording (VCR) industry was performing well for approximately 20 years. However, the introduction of DVDs, which are more efficient and of higher quality, turned the VCR industry into a declining industry. See also: Industry Life Cycle.

单词	declining industry
释义	Declining Industry Declining Industry An industry producing one or more products that are declining in demand, profitability, or both. A declining industry may be suffering losses, or it may still be making a profit that has been shrinking consistently. An industry may go into decline for a number of reasons. The economy may decline and the industry's products may suddenly be considered luxuries. Alternatively, a new technology may be developed that renders an industry obsolete. For example, the video cassette recording (VCR) industry was performing well for approximately 20 years. However, the introduction of DVDs, which are more efficient and of higher quality, turned the VCR industry into a declining industry. See also: Industry Life Cycle.
随便看	national union of women with disabilities of uganda national union of workers national union of workers in hotel restaurant and allied industries national union of working women national union parishad forum national unions national unitarian fellowship national united front national united front for an independent, neutral, peaceful, and cooperative cambodia national united front of arakan national united front of cambodia national united front of kampuchea national united merchants beverage association national united nations volunteer national united party of arakan national united professional association of trained homeopaths national united states - arab chamber of commerce national united states hong kong business association national united temperance council national united university national unity alliance national unity and reconciliation commission national unity coalition for israel national unity democratic movement national unity democratic organization