(True/False). A firm in an industry with high infrastructure…
(True/False). A firm in an industry with high infrastructure costs and a high minimum efficient scale (high economies of scale) will often resort to pricing and reduced margins to keep production volumes up as industry growth begins to slow.
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(True/False). A criticism of the Traditional Top Down approach to strategic planning is that management assesses the external environment in terms of fit to the firm’s current capabilities rather than thinking more “outside the box’ when formulating future strategies.
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