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Once Demand for a Product Starts to Fall, the Decline

question 42

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Once demand for a product starts to fall, the decline stage begins; this typically occurs when advancing IT leads to the development of a more advanced product, making the old one obsolete.


Definitions:

Bromination

A chemical reaction involving the addition of bromine to another substance, often leading to the substitution or addition of bromine atoms in organic compounds.

Toluene

A colorless, water-insoluble liquid hydrocarbon (C7H8) derived from coal tar or petroleum, used as a solvent and in the manufacture of various chemicals.

Mononitration Product

A compound resulting from the introduction of one nitro group (-NO2) into a molecule, typically through a nitration reaction.

Major Organic Product

In an organic chemistry reaction, the principal product that is synthesized in the most significant quantity.

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