Which of the Following Is Not a Shortcoming of the Concentration

question 3

Multiple Choice

Which of the following is not a shortcoming of the concentration ratio as a measure of the extent of competition in an industry?

• A)Concentration ratios do not include sales in the United States by foreign firms.
• B)Concentration ratios are calculated for the national market, even though the competition in some industries is mainly local.
• C)Concentration ratios assign weights to only the four largest firms in an industry.
• D)Concentration ratios do not address the fact that competition sometimes exists between firms in different industries.

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Definitions:

Project

A planned set of interrelated tasks to be executed over a fixed period and within certain cost and other limitations.

Project Manager

A professional responsible for planning, executing, and closing projects, overseeing the project team to achieve specific goals.

Project Goals

The specific objectives set for a project, outlining what it aims to achieve upon completion.

Project Objectives

Specific, measurable, achievable, relevant, and time-bound goals that are set to guide the completion of a project.