Industry convergence occurs when two distinct industries evolve toward a(n) ________.
A) exclusive business relationship with each other
B) single point where old industry boundaries no longer exist
C) competitive position where each benefits from the existence of the other
D) split that forms four industries

Question

Quizplus · Accepted Answer

Industry convergence occurs when two separate industries move toward a single point where the boundaries between them are no longer clear. This can occur due to technological advancements, changes in consumer behavior, or other market factors. It does not necessarily involve an exclusive business relationship, a competitive position, or a split that forms four industries.

Industry Convergence Occurs When Two Distinct Industries Evolve Toward A(n)