Defining industry boundaries is a very difficult task because
A) Industry evolution creates industries within industries
B) Industries are becoming very narrow in scope
C) Industries do not evolve over time
D) Industries remain static over time

Question

Quizplus · Accepted Answer

Industry evolution leads to the creation of new sub-industries and the blurring of boundaries between existing industries, making it difficult to clearly define the scope of an industry. This phenomenon is known as industry convergence. Option B is incorrect because industries are not becoming narrower in scope; rather, they are expanding to include new products and services. Options C and D are incorrect because industries do evolve over time, albeit at different rates and in different directions.

Defining Industry Boundaries Is a Very Difficult Task Because