A firm can redefine its arena by doing all but which of the following?
A) imagining the total possible market rather than the served market
B) changing the temporal or geographic availability
C) diversify its products
D) spearheading industry convergence

Question

Quizplus · Accepted Answer

Diversifying its products is not an example of redefining the firm's arena, but rather a strategy for expanding or adjusting its current offerings. The other three choices - imagining the total possible market, changing the temporal or geographic availability, and spearheading industry convergence - are ways in which a firm can redefine or expand its arena.

A Firm Can Redefine Its Arena by Doing All but Which