What is the danger of excessive monopoly power?
A. The organization will charge high prices
B. The organization will not attempt to cut costs
C. The organization will change strategy to seek to fully exploit its power
D. The organization will stifle innovation
Answer: Option C
Solution(By Examveda Team)
The organization will change strategy to seek to fully exploit its power is the danger of excessive monopoly power. A pure monopoly is a single supplier in a market with no competitors, whereas monopoly power exists when a single firm dominates a particular market.Strategy is developed by the visionary chief executive in ___________ mode of strategic management
A. planning mode
B. adaptive mode
C. strategic mode
D. entrepreneurial mode
Stability strategy is a ____________ strategy
A. corporate level
B. business level
C. functional level
D. strategic level
What are the means by which long term objectives will be achieved?
A. Strategies
B. Policies
C. Strength
D. Opportunities
Marketing strategy is a ___________ type of strategy
A. business level
B. Growth strategy
C. corporate strategy
D. functional strategy
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