According to Theodore Levitt, in terms of an organization's business, railroads lost market share in the 20th century because they had less flexible routes than trucking. defined their business too I narrowly. tried to create a business that appealed equally to all people.

According to Theodore Levitt, in terms of an organization's business, railroads lost market share in the 20th century because they had less flexible routes than trucking. defined their business too I narrowly. tried to create a business that appealed equally to all people.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter10: Prices, Output, And Strategy: Pure And Monopolistic Competition

Section: Chapter Questions

Problem 9E

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