The Primary Opportunity Available to Firms in Fragmented Industries Is

question 24

True/False

The primary opportunity available to firms in fragmented industries is consolidation. The most common way to do this is through a geographic roll-up strategy, in which one firm starts acquiring similar firms that are located in different geographic areas.

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Definitions:

Mutually Exclusive

Events that cannot happen simultaneously.

Simple Events

In probability, a simple event is a single outcome within a sample space, not composed of other events.

Probability

A measure of the likelihood that an event will occur, ranging from 0 (impossibility) to 1 (certainty).

Combinations

The selection of items from a collection such that the order of selection does not matter.