Industry-based considerations regarding strategy:
A)Focus on gaining a geographical or organizational advantage.
B)Deal with the relationship between industry structures and firms' propensity to collude.
C) Involve decisions about dumping.
D) Indicate whether to engage in predatory pricing.

Question

Quizplus · Accepted Answer

The relationship between industry structures and firms' propensity to collude is an important industry-based consideration when formulating a strategy. Collusion can have significant impacts on market competition and firms' profitability, so firms must understand the industry structure and its potential implications for collusion when making strategic decisions. Gaining a geographical or organizational advantage, decisions about dumping, and engaging in predatory pricing are more specific tactics rather than broader industry-based considerations.

Industry-Based Considerations Regarding Strategy