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:

Question

Quizplus · Accepted Answer

Railroads only considered themselves within the narrow scope of the railroad business, while other modes of transportation (such as automobiles, trucks, and airplanes) were taking away business. By defining themselves more broadly as a transportation company, they could have adapted and diversified to better compete. The other options, such as aerospace, entertainment, and retailing, are not directly related to the railroad industry and would not have helped to solve this particular issue.

Railroads May Have Let Other Forms of Transportation Take Business