What is the impact of shifting industry boundaries on firms within the industry?
A) Higher exit barriers
B) More competitors
C) Reduced threat of substitutes
D) Greater bargaining power of suppliers
E) Lesser bargaining power of buyers

Question

Quizplus · Accepted Answer

Shifting industry boundaries often lead to more competitors entering the industry, as new opportunities arise and established firms diversify their offerings. This can increase competition and make it more difficult for existing firms to maintain market share and profitability.

What Is the Impact of Shifting Industry Boundaries on Firms