Which of the following best describes an industry that consists of many small firms?
A) Mature
B) Growth
C) Fragmented
D) Declining
E) Diverse

Name: Which of the following best describes an industry that consists of many small firms? A) Mature B) Growth C) Fragmented D) Declining E) Diverse
Brand: Quizplus
Rating: 4.9 (34 reviews)

Question

Quizplus · Accepted Answer

A fragmented industry is one with many small firms, each having a relatively small market share. This is in contrast to a concentrated industry, which is dominated by a few large firms.

Which of the Following Best Describes an Industry That Consists