Which of the Following Is Not Part of an Oligopolist's

question 155

Multiple Choice

Which of the following is not part of an oligopolist's business strategy?

• A)deciding on how to manage relations with suppliers
• B)choosing what new technologies to adopt
• C)selecting which new markets to enter
• D)independently setting a product's price without consideration of its rivals' pricing policies

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Definitions:

Creativity-Relevant Processes

Cognitive and behavioral processes that facilitate creative thinking, including problem-solving, risk-taking, and drawing connections between ideas.

Creativity

The ability to generate or recognize ideas, alternatives, or possibilities that may be useful in solving problems, communicating with others, and entertaining ourselves and others.

Motivation

The intrinsic or extrinsic factors that stimulate desire and energy in people to be continually interested in and committed to a job, role, or subject, or to make an effort to attain a goal.

Exploitative Innovation

Innovation focused on refining existing products, services, or processes to enhance efficiency and effectiveness.