BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Government regulations
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Inflation
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Economy
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Aging population
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Detailed explanation-1: -A fragmented industry consists of a large number of small or medium-sized firms, none of which is in a position to determine industry price.
Detailed explanation-2: -3. Oligopoly. An oligopoly market consists of a small number of large companies that sell differentiated or identical products. Since there are few players in the market, their competitive strategies are dependent on each other.
Detailed explanation-3: -The maturity phase of the industry lifecycle often begins with a shakeout period, during which growth slows, focus shifts toward expense reduction, and consolidation occurs. Some firms achieve economies of scale, hampering the sustainability of smaller competitors.
Detailed explanation-4: -At the maturity stage, the majority of the companies in the industry are well-established and the industry reaches its saturation point.