For each of the folowing statements concerning the role of strategic thinking in

Question

For each of the folowing statements concerning the role of strategic thinking in management decisions, explain whether the statement is true or false.

A. Managers of firms operating in perfectly competitive markets need to get into the heads of rival managers in order to make mre profitable decisions.

B. Strategic thinking by managers in oligopolistic industries promotes rationa ldecision making, which will increase total industry profits.

C. Despite the interdependent nature of profits, oligopoly managers have the same goal as perfect competitors, monopolists, and monopolistic competitors.

Explanation / Answer

A)True , As in perfect competetion , there is tough compettion in market

B)True, In oligopoly strategy games will be developed for profit

C)True, Yes same goal is to derive profit

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