Actions Taken by Oligopolists to Plan for and React to Actions

question 10

Multiple Choice

Actions taken by oligopolists to plan for and react to actions of rival firms represent

• A)strategic behavior.
• B)interdependence.
• C)cooperative behavior.
• D)game theory.
• E)all of the above.

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Definitions:

Global Operations

The activities involved in running a business on an international scale, dealing with production, logistics, and management across different countries.

Network Structure

A framework that maps out the connections and relationships within a network, highlighting how entities are organized and interact with each other.

Functional Structure

A method of organizing a company where activities are grouped based on their function, leading to departments like marketing, finance, and HR.

Cross-functional Teams

Groups composed of members from different departments or areas of expertise working together towards a common goal.