A Fragmented Industry Is One Composed of a

question 74

Multiple Choice

A fragmented industry is one composed of a

• A) small number of large firms.
• B) large number of small firms.
• C) large number of small and medium-sized firms.
• D) small number of small firms.
• E) large number of one-person firms.

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Definitions:

Prescription Drug

A medication that legally requires a medical prescription to be dispensed.

Outsource

The practice of hiring third-party vendors to perform services or produce goods that were previously handled in-house.

Cafeteria Plans

A type of employee benefit plan that allows workers to choose from a variety of pre-tax benefits, adjusting the plan to their personal needs.

Professional Vendor

A company or individual that provides specialized services or products to businesses under a contractual agreement.