1. A fragmented industry is one in which: Select one: A. foreign firms have almo

Question

1. A fragmented industry is one in which: Select one: A. foreign firms have almost equal market shares on domestic firms. B. one firm strongly influences the industry's outcomes. C. no firm has a significant market share. D. competitors have been beaten down by regulations.

2. All of the following are skills or resources that foster rapid response (speed) EXCEPT: Select one: A. Process engineering skills B. Excellent inbound and outbound logistics C. High level of automation D. Creative talent and flair

3. Acquiring or entering businesses unrelated to a firm's current technologies, markets, or products is referred to as Select one: A. conglomerate diversification. B. horizontal integration. C. retrenchment. D. vertical integration

4. Retrenchment is typically accomplished through: Select one: A. asset reduction. B. profit reduction. C. cost reduction. D. revenue enhancement.

5. The extent to which a business concentrates on a narrowly defined market, it is called a(n) __________ strategy. Select one: A. integration B. market focus C. formula facility D. tightly managed decentralization

Explanation / Answer

1. C. no firm has a significant market share.

A fragmented industry is one in which no firm has a significant share of the market and hence cannot influence the direction for the industry.

2. B. Excellent inbound and outbound logistics

All are skills or resources except B, which is a part of supply chain process.

3. A. conglomerate diversification

A conglomerate is a corporation that consists of a number of varied, different and seemingly unrelated businesses.

4. D. revenue enhancement.

Retrenchment consists of cost cutting and asset reduction activities.

5. B. market focus

The extent to which a business concentrates on a narrowly defined market, it is called a market focus strategy

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