Railroads may have let other forms of transportation take business away from them because their definition included only the railroad business, rather than the broader definition of:
A)entertainment.
B)aerospace.
C)retailing.
D)transportation.

Question

Quizplus · Accepted Answer

Railroads limited their definition of business to only the railroad industry, which meant they did not see other forms of transportation, such as cars and planes, as competition. If they had taken a broader definition of transportation, they may have been able to adapt and compete with these other modes of transportation.

Railroads May Have Let Other Forms of Transportation Take Business