Which of the Following Statements About Fragmented Industries Is True

question 69

Multiple Choice

Which of the following statements about fragmented industries is true?

• A) They are usually characterized by large, mass-production operations.
• B) They essentially enjoy a national brand loyalty.
• C) They require companies to use focus strategies to meet specialized customer needs.
• D) They do not attract new entrants as they have extremely high entry barriers due to economies of scale.
• E) They are usually dominated by one or two large companies that enjoy the power to influence industry prices.

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A set of activities and steps performed in a sequence to achieve a business goal or to create value.

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Individuals who act as a bridge between community services and residents, often focusing on health education, social services, and community development.

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The process of increasing interconnection and interdependence among countries, primarily in terms of trade, investment, and technology.

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Specific training focused on teaching the technical competencies needed for a particular job or task.