Many fragmented industries are characterized by low entry barriers and commodity-type products that are hard to differentiate.

Question

Quizplus · Accepted Answer

This statement is true. Fragmented industries often have low entry barriers, meaning it is relatively easy for new companies to enter the market. Additionally, the products in these industries are often similar and difficult to differentiate, making competition based solely on price or other factors.

Many Fragmented Industries Are Characterized by Low Entry Barriers and Commodity-Type