Under an oligopoly structure, strategic plans focus on:
a. Profitability from production levels that maximize profits
b. Maintaining the market share and being responsive to market conditions related to sale price
c. Maintaining the market share and planning for enhanced product differentiation
d. Maintaining the market share, ensuring product differentiation, and adapting to changes in price and/or production volume
Answer:D
Choice “d” is correct. Under oligopoly, strategic plans focus on maintaining market share and call for the proper amount of advertising (to ensure product differentiation) and ways to properly adapt to price changes or required changes in production volume.