True or False?

Competition has driven the economic profits in the video rental business to zero. Surya Bacha, who owns a video rental business, would be better off leaving the industry for another alternative.

Question

16-05-2024
Business

High School

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True or False?

Competition has driven the economic profits in the video rental business to zero. Surya Bacha, who owns a video rental business, would be better off leaving the industry for another alternative.

Answer :

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JelenaHadid JelenaHadid · Answer 1 · 2024-12-05T14:10:17-05:00

Competition has driven the economic profits in the video rental business to zero. Surya Bacha, who owns a video rental business, would be better off leaving the industry for another alternative. This statement is true.

Competition in the video rental trade has in fact driven financial benefits to zero or near zero. The rise of computerized spilling stages, online rentals, and on-demand administrations has altogether affected the conventional video rental industry. As a result, the benefit of video rental businesses has been incredibly lessened.

Given the financial landscape and the diminishing productivity of the video rental trade, Surya Bacha would likely be way better off considering elective alternatives. Leaving the industry and investigating other trade openings or businesses that offer way better prospects for productivity would be a sensible choice. Adjusting to the changing advertising conditions and contributing in wanders that adjust with advancing customer inclinations can increment the likelihood of victory in the long run.

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True or False?Competition has driven the economic profits in the video rental business to zero. Surya Bacha, who owns a video rental business, would be better off leaving the industry for another alternative.

Answer :

Other Questions

True or False?

Competition has driven the economic profits in the video rental business to zero. Surya Bacha, who owns a video rental business, would be better off leaving the industry for another alternative.