The consolidation of the world automobile manufacturing industry can be explained partly by:
A)The growing market for compact cars
B)The harshness of international competition
C)The power of the Japanese manufacturers
D)The consequence of the escalating costs of new car development, incapable of being borne by smaller players.

Question

Quizplus · Accepted Answer

The escalating costs of new car development are a major factor in the consolidation of the world automobile manufacturing industry. These costs have become so high that smaller players are unable to bear them, hence leading to consolidation.

The Consolidation of the World Automobile Manufacturing Industry Can Be