An Impact That the Changing Industry Boundaries Have Had Is

question 28

Multiple Choice

An impact that the changing industry boundaries have had is that:

• A) owners of companies can now define boundaries.
• B) there is an increase in the number of competitors within an industry.
• C) technological changes do not affect companies anymore.
• D) the pattern of customer needs does not affect companies anymore.
• E) the number of product substitutes available for customers has reduced.

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Definitions:

Alpha

In statistics, often refers to the significance level used in hypothesis testing, typically set at 0.05 or 0.01, representing the probability of incorrectly rejecting the null hypothesis.

Alpha

In statistics, the threshold of probability at which the null hypothesis is rejected, often set at 0.05 or 5%.

Type I Error

The error that occurs in hypothesis testing when a true null hypothesis is incorrectly rejected, falsely indicating a significant effect or difference.

Alpha

A threshold value used in hypothesis testing that defines the maximum probability of committing a Type I error.