The-definition.com

Definition

Concentration

Concentration refers to the extent to which industry sales are dominated by only a few firms. In a highly concentrated industry the intensity of competition declines over time. High concentration serves as a barrier to entry into an industry because it enables the firms that hold large market shares to achieve significant economies of scale and thus, to lower their prices to stymie attempts of new firms to enter the market.

Webster Dictionary Meaning

1. Concentration
- The act or process of concentrating; the process of becoming concentrated, or the state of being concentrated; concentration.
- The act or process of reducing the volume of a liquid, as by evaporation.
- The act or process of removing the dress of ore and of reducing the valuable part to smaller compass, as by currents of air or water.
Share it:  Cite

More from this Section

  • Structured problem
    Structured problem is a straightforward, familiar, and easily defined problem. ...
  • Strategic alliance
    Strategic alliance is a partnership between an organization and a foreign company partner ...
  • Entrepreneurial mode
    The informal, intuitive, and limited approach to strategic management associated with ...
  • Self-monitoring
    Self-monitoring is a personality trait that measures the ability to adjust behavior to ...
  • Leader's Perseverance
    The capacity to see a commitment through to completion long after most people would have ...