Explain why Harvey's businesses declined in the mid-20th century.

The correct answer to this open question is the following.

Although there are no options attached or further context, or references,, we can comment on the following.

Harvey's businesses declined in the mid-20th century because in the mid-1950s, with the production of more automobiles in the United States, people started to use more cars for transportation than trains.

We are talking about the famous and creative entrepreneur Frederick Henry Harvey(1835-1901). With the advent of the railway system in the United States, he developed the concept of restaurants, lodges, and hotels for the passengers. The name of his company was Harvey House, and he was very successful in those years that he formed a chain of restaurants and hotels.

the correct answer is “opportunity cost”. opportunity cost is what a company misses out because it decided in one option over another one. in this case, the company decided to invest in building a factory so it gave up another possible benefit or profit in order to achieve success with the factory.  

trade-off is not the correct answer since it is a situation in which you accept losing something in return for benefits in other areas.

and finally, consequence is a general term used to accept what it comes when you make a decision. it can be a positive or negative consequence depending if the decision you took was the correct one.  

ok whats to talk about were you scared or what?