As an Industry Matures While Overcoming Fragmentation and Becomes Dominated

question 74

Multiple Choice

As an industry matures while overcoming fragmentation and becomes dominated by a small number of large companies,it tends to become a(n)

• A) united industry.
• B) fragmented industry.
• C) consolidated industry.
• D) isolated industry.
• E) integrated industry.

---

Definitions:

Exchange Rates

The value of one currency in terms of another currency, which determines how much foreign currency can be obtained with a unit of domestic currency.

Governments

Central or local governmental bodies that manage and administer public policies, laws, and services within a specified territory.

Disorderly Fluctuations

Irregular and unpredictable changes in financial or commodity markets that can cause instability.

Dollar-Pound Exchange Rate

The rate at which the currency of the United States (dollar) can be exchanged for the currency of the United Kingdom (pound sterling).