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 for companies.
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

The changing industry boundaries have resulted in an increase in the number of competitors for companies. New players can now easily enter the market due to technological advancements and changes in the business environment. As a result, businesses are constantly facing competition from new and existing players, which can impact their market share and profitability.

An Impact That the Changing Industry Boundaries Have Had Is