Which of the following statements is true?
A) All firms in the same industry must also be in the same market.
B) The geographic boundaries of a market could be local, regional, national, or international.
C) The boundaries of a market are easily determined, and there is virtually no disagreement as to what those boundaries are.
D) All of the above.

Question

Quizplus · Accepted Answer

The geographic boundaries of a market can indeed vary widely, from local to international levels, depending on the nature of the goods or services being offered and the reach of the firms involved. This flexibility in market boundaries allows for a diverse range of business operations and strategies.

Which of the Following Statements Is True