Many Industries Have Experienced Increased Consolidation Over the Last Decade

question 56

Multiple Choice

Many industries have experienced increased consolidation over the last decade due to an increase in

• A) strategic alliances.
• B) vertical integration.
• C) horizontal integration.
• D) franchising.
• E) diversification.

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Definitions:

Industrialized

Referring to a society or country that has developed complex industries in large scale, impacting its economy, employment, and social structure.

Cognitive Development Theory

A theory that describes how children develop logical thinking, problem-solving skills, and understanding over time.

Incremental Changes

Small, gradual modifications or improvements made over time.

Stages

Distinct periods or phases in a process of development or series of events.