Industry boundaries are blurring rapidly as companies identify new opportunities at the intersection of two or more industries. This is called ________.
A) globalization
B) customization
C) industry convergence
D) disintermediation
E) privatization

Question

Quizplus · Accepted Answer

Industry convergence refers to the blending of multiple industries, resulting in new business models and opportunities. This trend has been enabled by technological advancements and globalization, which have made it easier for companies to expand their reach and collaborate across sectors. Examples of industry convergence include the rise of "fintech" (financial technology) companies that combine aspects of traditional finance with technology, and the increasing use of data analytics in healthcare.

Industry Boundaries Are Blurring Rapidly as Companies Identify New Opportunities