Which of the following is a way that a fragmented industry can be consolidated?
A) Using strategies to create meaningful scale economies.
B) Creating a national brand where none previously existed.
C) Lowering costs through the creation of scale economies by value innovations.
D) Offering new ways to address customer's demands such as wider product selection, longer operating hours, and lower prices.
E) All of these are ways that a fragmented industry can be consolidated.

Question

Quizplus · Accepted Answer

All of the listed options are ways in which a fragmented industry can be consolidated. By creating meaningful scale economies, a company can lower costs and increase efficiency. Creating a national brand can help to establish recognition and customer loyalty. Through value innovations, a company can develop unique ways of providing goods or services that distinguish them from competitors. Finally, offering new and improved ways to address customer demands can attract new customers and increase market share.

Which of the Following Is a Way That a Fragmented