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:

Single Vehicle

Refers to a transportation or mobility scenario involving only one vehicle, often used in the context of traffic studies, simulations, or autonomic vehicle research.

Alcohol Not Involved

A classification indicating that alcohol consumption was not a contributing factor in an incident or record.

Independent Events

Two or more events that have no influence on each other's occurrence, meaning the happening of one does not affect the probability of the other.

Conditional Probability

The probability of an event occurring given that another event has already occurred, reflecting how the likelihood of an event can be affected by knowledge of another.