Industry concentration is one of the important factors in industry analysis because concentration affects the intensity of ________ in an industry.
A) supply procurement
B) hiring efforts
C) marketing efforts
D) competition

Question

Quizplus · Accepted Answer

Industry concentration refers to the number and size distribution of firms operating in an industry. The higher the concentration, the fewer the number of firms dominating the industry, and the greater the level of competition among them. This can lead to increased rivalry, aggressive pricing, and greater efforts to differentiate products, all of which can impact the profitability and long-term viability of firms in the industry. Therefore, industry concentration affects the intensity of competition in an industry.

Industry Concentration Is One of the Important Factors in Industry