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