As entrepreneurial firms achieve noticeable levels of success and a new industry grows, the industry generally becomes more _____ as a result of so many firms competing for position.

Question

Quizplus · Accepted Answer

When a new industry grows and many entrepreneurial firms compete for position, it typically becomes more fragmented. This is because the influx of new entrants increases the diversity of products, services, and business models within the industry, leading to a more segmented market.

As Entrepreneurial Firms Achieve Noticeable Levels of Success and a New