Question

The Beacon is a newspaper that sold print copies of its paper in a medium-sized town in Kansas for more than 100 years. Recently, the Beacon signed a deal with IntelNews Inc. to present the paper digitally to homes and businesses.

This example shows:


A) a monopoly.

B) an oligarchy.

C) monopolistic competition.

D) an industry convergence.

Answer 1

Answer: D) an industry convergence

Explanation: The Beacon signing a deal with IntelNews Inc. to present the paper digitally to homes and businesses quite different from its traditional method shows industry convergence. Industry convergence reveals how previously unrelated industries can come together to satisfy the same customer need. It is defined as the blending companies leading to the creation of new types of industries and it represents growth opportunities for companies that redefines industry boundaries.