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A lack of product differentiation, stiff competition and the shift to e-commerce also contributed to the chain’s demise.

This directly undermines markets, avoiding price wars through efforts at often-meaningless product differentiation through massive advertising, which is itself dedicated to undermining markets in the official sense, based on informed consumers making rational choices….

Much of what he looks for in acquisitions is obvious: a good product, differentiation, a solid, scalable supply chain.

GM, Nissan and some other carmakers believe e-axles offer such a large margin for cost efficiencies and product differentiation that they want to design and manufacture their own systems.

"As smartphones become more high-spec and product differentiation is becoming less clear, the global handset replacement cycles are getting longer," said one representative.