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:

Drawee Bank

The bank upon which a check is drawn, responsible for paying the check amount to the payee or bearer.

Liability

A legal obligation or responsibility, often in the form of debt or duty to compensate for loss or damage caused.

Improper Refusal

A situation where a party unjustly rejects a contract offer or fails to perform an action required by the agreement.

Checking Account

A bank account that allows for both deposits and withdrawals and is primarily used for daily transactions.