Industry Segmentation Is Always Horizontal-It Is Based Upon the Products

question 60

True/False

Industry segmentation is always horizontal-it is based upon the products an industry supplies and the customers to which they are supplied.The notion of vertical segmentation-segmenting an industry along its value chain is attractive in principle but impossible in practice.

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Definitions:

Phillips Curve

A concept suggesting an inverse relationship between rates of unemployment and corresponding rates of inflation, implying that higher inflation is associated with lower unemployment and vice versa.

Sacrifice Ratio

The cost of reducing inflation by one percentage point through monetary policy, often measured in terms of lost output or unemployment.

Money Supply Growth

An increase in the total amount of money in circulation or in the hands of the public within an economy over a specific period.

Fiscal Reforms

Changes in government policies or taxation designed to improve a country's economic condition.