Which of the Following Is a Way That a Fragmented

question 53

Multiple Choice

Which of the following is a way that a fragmented industry can be consolidated?

• A) Using strategies to create meaningful scale economies.
• B) Creating a national brand where none previously existed.
• C) Lowering costs through the creation of scale economies by value innovations.
• D) Offering new ways to address customer's demands such as wider product selection, longer operating hours, and lower prices.
• E) All of these are ways that a fragmented industry can be consolidated.

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Definitions:

Information Processing

A cognitive approach that focuses on how people take in, use, and store information.

Assigned

The process of allocating participants to different groups or conditions in a research study, usually based on random selection or specific criteria.

Analogue Methodology

A research method that uses analogues or stand-ins for phenomena that cannot be directly studied.

Experimental Procedures

A series of steps and methods designed in an experiment to test hypotheses by manipulating and controlling variables.