Which of the following refers to a situation where a company has a high concentration of its business in a particular industry market?
A) competitor resources
B) market dependence
C) resource similarity
D) actor's reputation

Question

Quizplus · Accepted Answer

If a company has a high concentration of its business in a particular industry, it has more at stake because it must depend on that industry market for its sales, which is known as market dependence. Single-industry businesses or those where one industry dominates are more likely to mount a competitive response.

Which of the Following Refers to a Situation Where a Company