An Organization Responds to the Structure of Its Industry by Choosing

question 99

Multiple Choice

An organization responds to the structure of its industry by choosing a ________ strategy.

• A) competitive
• B) growth
• C) leadership
• D) diversification

---

Definitions:

Economics

The social science that studies how individuals, governments, firms, and nations make choices on allocating scarce resources to satisfy their unlimited wants.

M.B.A.s

Master of Business Administration; advanced degrees for individuals focusing on business administration and management.

Lawyers

Professionals authorized to practice law, representing clients in legal matters and providing advice on legal issues.

Hot Tubs

Are large tubs or small pools full of heated water used for relaxation, hydrotherapy, or pleasure, often equipped with powerful jets.