The land development industry is best characterized by which of the following statements?
A)The land development industry is dominated by relatively few national competitors
B)The land development industry is highly fragmented,localized,and extremely competitive
C)Land development and project development are synonymous
D)The production technologies and market risks involved in land development are essentially the same as those in project development

Question

Quizplus · Accepted Answer

The land development industry is highly fragmented and localized, with many small to medium-sized firms competing for business. This industry is often characterized by intense competition, with developers vying for the same parcels of land and customers. Land development and project development are not synonymous, as project development often involves the construction of buildings or other structures on developed land, whereas land development is focused on preparing land for use. The production technologies and market risks involved in land development are different from those in project development.

The Land Development Industry Is Best Characterized by Which of the Following