Why is it important for managers to correctly define the industry boundaries their company operates within?

a$.$

To ensure they are using the most advanced technology in their products

b$.$

To avoid being caught off$-$guard by competitors who serve the same basic customer needs but with different product offerings

c$.$

To increase the number of products they offer to their customers

d$.$

To keep their products differentiated from their competitors

e$.$

To identify new customers to sell their products to