Define fragmented and consolidated industries. What are the differences between these two types of industries? How an industry can be consolidated?

  1. Define fragmented and consolidated industries. What are the differences between these two types of industries? How an industry can be consolidated?
  2. What opportunities and advantages do consolidated industries offer that fragmented industries do not?
  3. Describe horizontal and vertical integration. How do businesses leverage these strategies for growth, and how can they aid them in gaining competitive advantage? How developing competitive advantage could fail by horizontal and vertical integration.
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