A ________ industry is one that is characterized by a large number of firms of approximately equal size.
A) fragmented
B) mature
C) declining
D) emerging
E) global

Question

Quizplus · Accepted Answer

A fragmented industry is one where there are many small firms operating within the same market, with no company holding a dominant position. This type of industry is often characterized by intense competition and low barriers to entry.

A ________ Industry Is One That Is Characterized by a Large