In Practice,drawing the Boundaries of Industries and Markets Is

question 45

Multiple Choice

In practice,drawing the boundaries of industries and markets is:

• A)A matter of the personal preferences of top managers
• B)Almost impossible to carry out with rigor because it requires many "rules of thumb" and approximations
• C)Largely a matter of judgment and experience contingent on the purpose of the analysis
• D)Critical to the output of the analysis and therefore should only be undertaken with the help of an academic or consultant