What Is the Reason Behind Polaroid Going Bankrupt

question 137

Multiple Choice

What is the reason behind Polaroid going bankrupt?

• A) It failed to have innovative technology and a captive customer base.
• B) One-hour film processing and digital cameras stole its market share.
• C) People who wanted instant access to their pictures also wanted a third party involved.
• D) All of these.

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Definitions:

Full-Service Wholesaler

A wholesaling entity that provides a wide range of services to its customers, including storage, delivery, and product and market information.

Producer's Inventory

Refers to the goods and materials that a producer has in stock which are ready or will be ready for sale.

Brokers

Intermediaries that facilitate transactions between buyers and sellers in various markets, such as real estate or stocks, often for a commission or fee.

Independent Firms

Companies that operate on their own without being part of a larger corporation or group, often characterized by autonomy in decision-making.