Industry boundaries are blurring rapidly as companies identify new opportunities at the intersection of two or more industries-this is called ________.

Question

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Industry convergence refers to the merging of two or more industries, resulting in new business opportunities and blurring traditional industry boundaries. This trend is driven by advances in technology, changing consumer behavior, and globalization. Companies that can successfully navigate this convergence can benefit from increased innovation, expanded customer bases, and improved competitiveness.

Industry Boundaries Are Blurring Rapidly as Companies Identify New Opportunities