Industry structure is defined as __________.

A. the nature of the players in an industry and their relative bargaining power

B. a set of plans for achieving long term returns on the capital invested in a business firm

C. set of planned activities designed to result in a profit in a marketplace

D. how a company's product or service fulfills the needs of customers

Answer: Option A

Solution(By Examveda Team)

Industry structure is defined as the nature of the players in an industry and their relative bargaining power. Industry structure pertains to the number and size distribution of competitors in an industry, according to University of Maryland University College.