An industry in which a large number of small or medium-sized firms operate and no small set of firms has dominant market share or creates dominant technologies is known as a(n) ________ industry.
A) fragmented
B) consolidated
C) mature
D) emerging

Question

Quizplus · Accepted Answer

A fragmented industry is characterized by a large number of small or medium-sized firms with no dominant market share or technology. This type of industry may have lower barriers to entry, leading to greater competition and a more diverse range of products and services.

An Industry in Which a Large Number of Small or Medium-Sized