____________________ Refers to a Declining Population of Businesses in Any

question 95

Multiple Choice

____________________ refers to a declining population of businesses in any one industry.

• A)Convergence
• B)Consortium
• C)Consolidation
• D)Divergence
• E)Expansion

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Definitions:

Cigarette Industry

Refers to the global sector involved in the manufacturing, marketing, and sale of cigarettes and related products.

Concentration Ratio

A measure used in economics to assess the degree of market concentration, reflecting the market share of the largest firms.

Oligopolization

describes the process whereby a market becomes dominated by a few large companies, reducing competition.

Cutthroat Competition

An extremely aggressive competition where companies use strategies to undercut their rivals' prices.