The economic organization of the home improvement industry fearures:
A)Self-employed individals and small firms linked by cmarket contracts
B)Large integrated companies
C)Highly-diversified companies
D)Vertical integration

Question

Quizplus · Accepted Answer

The home improvement industry typically features a large number of self-employed individuals and small firms who are linked together by market contracts rather than being part of a larger, vertically integrated company. This is because the industry is diverse, with many different types of services and products offered, and requires a great deal of specialized knowledge and expertise. As a result, most companies in the industry are relatively small and rely on contracts and partnerships with other firms to provide a full range of goods and services to their customers.

The Economic Organization of the Home Improvement Industry Fearures