MANA 498 - Which of the following statements is

Which of the following statements is true of a fragmented industry?

It is characterized by rivalry that is typically less intense.

It usually has very few competitors and tends to be dominated by a few large firms.

It involves companies selling the same brand of products that are scattered in different locations.

It is difficult to keep track of the pricing and competitive moves of multiple players.

An organization studies the strategies of its competitors closely. At the current stage, it studies factors such as geographic location, characteristics of business model, services provided, and time management. At this stage, the organization is identifying the competitor’s _____.

resources and capabilities

organizational structure

objectives

goals and achievements

A reduction in costs per unit due to increases in efficiency of production as the number of goods being produced increases best defines the term _____.

economies of scale

economies of scope

economies of finance

economies of wealth