Relish Inc. created the first national chain of fast-food restaurants in a previously fragmented industry. This is called divestment.
Correct Answer:
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Q2: Later entrants to embryonic industries have the
Q3: Explicit price leadership, when companies jointly set
Q4: Innovators and early adopters make up the
Q5: The restaurant industry is an example of
Q6: Laggards are technologically sophisticated customers willing to
Q8: As markets develop demand is initially slow,
Q9: Early adopters are customers who purchase a
Q10: The rate of growth in the market
Q11: The franchisor typically owns and funds each
Q12: Horizontal mergers often lead to industry fragmentation.
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