Which of the following is NOT a reason why defining an industry's boundaries is important?
A) It helps executives determine the arena in which their firm is competing
B) It focuses attention on the firm's competitors
C) It helps executives determine key factors for success
D) Stakeholders demand it

Question

Quizplus · Accepted Answer

While stakeholders may be interested in understanding an industry's boundaries, it is not the primary reason why defining the industry's boundaries is important for executives. The other answer choices - A, B, and C - are all important reasons why executives need to define an industry's boundaries to make strategic decisions for their firms.

Which of the Following Is NOT a Reason Why Defining