Which of the Following Statements Is True About Fragmented Industries

question 73

Multiple Choice

Which of the following statements is true about fragmented industries?

• 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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Definitions:

Irregular

Deviating from what is usual, normal, or expected; often refers to inconsistent or unpredictable patterns or behaviors.

Blur

A visual effect where an image appears unfocused, hazy, or smeared, often due to movement or improper camera settings.

Acronym

A word formed from the initial letters of the several words in the name or phrase.

Telangiectasias

Small, dilated blood vessels visible near the surface of the skin or mucous membranes, often appearing as red or purple web-shaped networks.