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In: Economics

Identify a firm (not discussed in the textbook) that once was dominant, but later became extinct....

Identify a firm (not discussed in the textbook) that once was dominant, but later became extinct. Explain how it happened.

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Expert Solution

ANSWER:

Moser Baer India constrained an Indian advanced stockpiling producing organization which was a built up in 1983 in New Delhi as its headquarter. Moser Baer available in excess of 100 nations. Moser Baer was having in excess of 8000 workers in their three plants which were arranged in India itself. Moser Baer was fabricating results of advanced stockpiling like , DVD, FLASHCARDS, CD .PV CELLS, MINI CDR, MINI DVDR, REWRITABLE Disk, and so on. The whole was a going fine with a organization, a organization was additionally procuring benefit in the years in middle of 1985 to 2011 and a 2005 the organization likewise won a renowned Rajiv Gandhi National Quality Award. Be that as it may, because of absence of innovative work and absence of development and innovation when the market of their items gets out of date than Moser Baer totally crumples. Outside rivalry was additionally on of the explanation in the breakdown of the organization since they were giving same item at a cheap prices.

Behind the time were attempted to restart their business with the joint effort of Yukita Pvt Limited for the creation of sun powered boards yet later on cooperation broked and Moser Baer was defaulted on some loans in the year 2018 and totally shut down there all business. Presently Moser Baer is not any more dynamic in an industry and become terminated from  the global marketplace .phr.

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