An impact that the changing industry boundaries have had is that:
A) owners of companies can now define boundaries.
B) there is an increase in the number of competitors within an industry.
C) technological changes do not affect companies anymore.
D) the pattern of customer needs does not affect companies anymore.
E) the number of product substitutes available for customers has reduced.

Question

Quizplus · Accepted Answer

Changing industry boundaries have made it easier for new companies to enter the market and compete with existing players, leading to an increase in the number of competitors within an industry. This has significant impacts on market dynamics, pricing strategies, and innovation strategies.

An Impact That the Changing Industry Boundaries Have Had Is