C. Why are there fewer but larger apparel firms now??

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25-04-2024
Arts

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C. Why are there fewer but larger apparel firms now??

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01857789 01857789 · Answer 1 · 2024-04-25T13:09:11-04:00

The trend towards fewer but larger apparel firms can be attributed to several factors, including consolidation through mergers and acquisitions, economies of scale, globalization, and advancements in technology allowing for more efficient production and distribution. These larger firms can often leverage their size and resources to adapt to changing consumer preferences, invest in innovation, and compete more effectively in the global marketplace.