Examlex
The Acme Global organization tries to be a good neighbor to the people who live and work in the cities where the organization's plants are located.In one neighborhood, citizens asked Acme Global to reveal the location of all its suppliers.When it was discovered that Acme Global used suppliers who were 1,000 miles from the plant, the citizens asked Acme Global to consider using more local suppliers.Acme Global agreed and found similar suppliers closer to its plant.This represents the influence of _______ in the external environment on the organization.
Oligopolization
The process of market concentration where a few large firms begin to dominate an industry, often leading to reduced competition and higher prices for consumers.
Game Theory
The study of how people behave in strategic situations.
Colluding Oligopolist
Firms in an oligopoly market structure that secretly agree to set prices or limit production to maximize joint profits, acting against free market principles.
Oligopolistic Firms
are companies operating in a market structure characterized by a small number of firms controlling a large market share, leading to limited competition.
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