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A Process Whereby Formerly Unrelated Industries Begin to Satisfy the Same

question 88

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A process whereby formerly unrelated industries begin to satisfy the same customer need is often brought on by technological advances.What is this process called?


Definitions:

Governmental Paperwork

Documents required by government agencies that businesses need to fill out and submit for regulatory, tax, or legal purposes.

Asset-Based

Asset-based refers to a type of business financing or lending that uses the company's assets as collateral to secure the loan.

Comparable Businesses

Companies operating in the same or similar industry, used as benchmarks to assess relative performance, valuation, and strategic positioning.

Income

Money received, especially on a regular basis, for work or through investments.

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