Which of the Following Is a Characteristic of a Fragmented

question 86

Multiple Choice

Which of the following is a characteristic of a fragmented industry?

• A) The entry barriers are high.
• B) There are many small firms.
• C) Firms tend to have high profitability.
• D) Firms have substantial pricing power.

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Definitions:

Human Resources

A business function focused on the management of employee-related processes such as hiring, training, policy implementation, and benefits administration.

Geographic Proximate

The physical closeness or distance of places or entities, influencing interactions and relationships due to location.

Administrative Differences

Variations in the organization, procedures, or policies between different businesses, governments, or institutions.

Liability of Foreignness

The disadvantages or additional costs that firms operating outside their home countries incur, compared to local firms.