In Industry Convergence, the Objectives Include ________

question 135

Multiple Choice

In industry convergence, the objectives include ________.

• A) short-cut innovation by buying it from small companies
• B) synergy of similar but expanded product lines or geographic markets
• C) eliminating capacity, gaining market share, and increasing efficiency
• D) anticipation of new industry emerging and culling resources from firms in multiple industries whose boundaries are eroding

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Definitions:

Real-world Events

Occurrences or situations that take place in the actual environment, outside of controlled or artificial settings.

External Validity

Extent to which a study’s results can be generalized to phenomena in real life.

Generalized

A term often used in medical or psychological contexts to describe conditions, symptoms, or effects that are widespread or not limited to a specific body part or area of concern.

Real-life Phenomena

Events, situations, or experiences that occur in the natural world, as opposed to those created or simulated in controlled environments.