Answered

Explore Westonci.ca, the top Q&A platform where your questions are answered by professionals and enthusiasts alike. Discover the answers you need from a community of experts ready to help you with their knowledge and experience in various fields. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

How did Everest & Jennings lose their grip on
the wheel industry

Sagot :

Martebi

Everest & Jennings lose their grip on

the wheel industry due to corruption and arrogance.

Herbert Everest and Harry Jennings established the most successful company in wheelchair history for 50 years then but due to its corrupt dealings, the company fell from grace to grass.

  • E&J's company experience success in their first innovation. In 1968, the company expanded international and engaged in buy-out campaign, thereby controlling 90-percent of the wheelchair market in the U.S., and fully dominating Canada, Mexico, England etc.

E&J's had unique business growth and market share, but it did not practiced innovation or improvement within its product line, with wheelchairs in the 1970s and they started to mimick others.

E&J monopolized the wheelchair market, and they gave charge as they wished. It was very expensive. By 1973, they had no regard for business ethics or consumers' needs.

The U.S. Justice Department, in 1977, filed an antitrust suit against E&J. The charge against them was "monopolizing and trying to monopolize the manufacture and sale of wheelchairs," .

The lawsuit and consumer discontentment in the early 1980s brought a sharp increase in competition for E&J. Quickie brand took over the market and E&J company crumbled.

Learn more from

https://brainly.com/question/18270323

Thank you for choosing our service. We're dedicated to providing the best answers for all your questions. Visit us again. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Thank you for visiting Westonci.ca, your go-to source for reliable answers. Come back soon for more expert insights.