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

a. deciding on how to manage relations with suppliersb. choosing what new technologies to adoptc.selecting which new markets to enterd. independently setting a product's price without consideration of its rivals' pricing policies

Question

10-12-2019
Business

contestada

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

a. deciding on how to manage relations with suppliersb. choosing what new technologies to adoptc.selecting which new markets to enterd. independently setting a product's price without consideration of its rivals' pricing policies

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ekeneizuka ekeneizuka · Answer 1 · 2019-12-11T21:08:58+01:00

Answer: independently setting a product's price without consideration of its rivals' pricing policies

Explanation: A business strategy is a plan drafted which enables an entrepreneur to succeed in a business he is about to venture into.

An oligopolistic market is a market that has few sellers and multiple buyers, with the sellers fixing any price they want for their products sold because of lack of business competition.