Industries are the central arenas in which competition takes place.Disaggregating industries into segments and groups of firms add little to our understanding of competition.

Question

Quizplus · Accepted Answer

Disaggregating industries into segments and groups of firms can actually provide deeper insights into the nature of competition within an industry. It allows for a more nuanced analysis of different competitive forces and can inform strategic decision-making for individual firms.

Industries Are the Central Arenas in Which Competition Takes Place