Concentrated Industries Differ from Fragmented Industries in That in Concentrated

question 32

Multiple Choice

Concentrated industries differ from fragmented industries in that in concentrated industries:

• A) exit barriers for businesses are unusually high.
• B) growth rate of demand for the industry's offerings is usually low.
• C) competitors are well-differentiated from each other.
• D) fixed costs of managing a business are very high.
• E) businesses tend to keep their competition rather polite.

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Definitions:

Two-Factor Theory

A psychological theory by Frederick Herzberg stating that job satisfaction and dissatisfaction are influenced by two independent sets of factors: motivators and hygiene factors.

Job Satisfaction

The level of contentment employees feel about their work, which can influence their performance and retention.

Job Dissatisfaction

A negative emotional response to one's job, often resulting from unmet expectations or negative aspects of the work environment.

Motivation

Accounts for the level, direction and persistence of effort expended at work.