Multiple Choice
Which of the following statements is true about fragmented industries?
A) They are usually characterized by large mass-production operations.
B) They essentially enjoy a national brand loyalty.
C) They require companies to use focus strategies to meet specialized customer needs.
D) They do not attract new entrants as they have extremely high entry barriers due to economies of scale.
E) They are usually dominated by one or two large companies that enjoy the power to influence industry prices.
Correct Answer:
Verified
Correct Answer:
Verified
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