WBCS.LIVE practice question

Which of the following is a key characteristic of a "Sun-set Industry"?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Declining demand, outdated technology, and reduced profitability.
  2. Rapid technological advancements and high growth.
  3. Strong government support and subsidies.
  4. High potential for future expansion.

Correct answer and explanation

Correct answer: Declining demand, outdated technology, and reduced profitability.