What Caused Polaroid to Go Bankrupt

question 27

Multiple Choice

What caused Polaroid to go 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 want instant access to their pictures also want a third party involved.
• D) Internet websites such as Flickr and Facebook stole its market share.

---

Definitions:

Required Amount

The specific quantity of something needed or mandated by regulations or agreements.

Breached The Contract

Occurs when one party fails to fulfill their obligations under a contract.

Suspended

Temporarily halted or made inactive for a period of time.

Medical Clinic

A healthcare facility that provides outpatient services, offering medical treatment and advice to patients.