Corning Inc. operates in an evolving industry due to which the industry goes through rapid changes. As the industry is mainly driven by consumers’ demand, the spending trends of average consumers also plays a vital role. The display technologies industry faced a problem of oversupply as the consumer demand did not grow as much as it was forecasted by the industry expert owing to which the companies operating in this industry had to reduce their capacity in accordance with the demand. They also had to decrease the prices considerably in order to sell the excess inventory. The continues growing ...
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