Goliath corp. made overly optimistic forecasts of future sales volume. as a result, the firm expanded too rapidly, and production capacity overshot the demand as growth slowed. the excess, in turn, lead to an increase in price per unit. which of the following strategic traps did goliath corp. fall into during the shakeout period?
a. sacrificing market share in favor of short-run profit.
b. no clear competitive advantage as growth slows.
c. failure to anticipate transition from growth to maturity.
d. assumption that an early advantage will insulate the firm from price or service competition.

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

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